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LZ is right. Please read carefully.5 k- N& d* |/ U! o/ H/ r6 n+ a
CBC News:( l" W* \: p# k+ ^- b
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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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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2 D, y/ q+ P, _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.3 R2 `( ^. T* ?) I6 U3 s# \5 L
$ B" v! B9 u$ x V' \; ?% u, g$ F0 `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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3 V' k& n1 d& C+ tThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.% I$ S# ?3 g! x2 c* h; i8 i4 U4 i% W' l
! C& h) B$ X- ?+ 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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