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LZ is right. Please read carefully.% v* w; Y! {; o5 l: a- Y
CBC News:
7 ?# M; q* M! JEdmonton 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.1 Z0 t. L q B2 O9 X3 b. _
, I4 @6 U7 d' n8 z bAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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' l/ o3 H/ s# \" K: ROf 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.
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- s+ t, n7 ], v) q& T1 eThe 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.6 m: B6 m; M1 k( m
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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.: S- B) a7 u2 T4 m5 o" }
! ?7 @* r# S! J5 K3 T' d3 oFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.5 Q1 C2 n: s6 Y* D$ B6 t( x6 y
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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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