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LZ is right. Please read carefully.- g+ J( I }" j
CBC News:6 t7 m* Z# g1 N6 N* R7 _1 @8 K
Edmonton city councillors finalized the property tax rate for 2017 on Tuesday, with an overall increase for a typical, single-family home coming in at 3.3 per cent.
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' C. ^1 n6 J W0 fAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.3 C+ N+ p4 Z. Y% C2 J6 q+ ~7 M2 j
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Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.0 ~7 c' w. K3 m; p" Z, m
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.3 w& e5 x5 x# [& L' s+ x* V. v
2 H3 F; J9 u, B3 @6 i: D6 l7 w0 sFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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4 ^# E* ~3 c' F5 D1 r. L. w& S! eTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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