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LZ is right. Please read carefully.) v. t3 @, w7 J
CBC News:; ?1 P6 L$ W2 @- f* X4 t. ^
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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t0 i1 b; t/ a. h$ r8 s, }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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& {' a7 P8 P3 a. J* yOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.1 }1 `1 n) Q! ?- ]' p& \
7 F4 O" j4 D1 s. C) m' Z6 qThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."7 F$ Q9 v: n, e2 p7 U e& v$ v. w! z
. }$ S' ~) T1 e; I. gThe 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 x( ~# Z U8 x# rThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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+ J& ?0 q8 M% Z0 l$ k1 ?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.# X7 k0 o6 {6 G5 t5 c7 N! K
- E* e0 W9 \: F o. Z4 C1 GTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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