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LZ is right. Please read carefully.
$ B+ Q# l2 ?& V' o2 l% eCBC News:$ `, c, J' K; {5 ?: W
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./ a. V7 M! L1 r* d
0 x& G" ^" I& _Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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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 $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy.": }" w9 q g# c" }
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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% A. o9 @/ ?1 D6 c# g& x$ |( WThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.7 b1 D( ^6 d& [& G! [8 P) B! T
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For 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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% W& z4 y, g0 BTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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