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LZ is right. Please read carefully.
- {3 h2 h, y3 z, j% G" d% ECBC News:
0 Z# O0 M; `2 SEdmonton 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.7 W- Y/ M6 _# I( K5 l1 h
0 J4 J, z& T0 O$ @* OAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.' s. X/ D" Y& y9 Y5 O7 C: T* A5 B
& D+ R+ O) A' [; x+ W" HOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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0 g) f+ R5 u2 y9 G dThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."- m. j" l$ y" a+ V3 V% d
1 j. N- y2 @9 S6 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.( K1 a- S4 G; @! \8 B
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.8 f3 I v: p" K0 F0 F8 N- E( t
\/ N/ t/ ]2 L9 y7 P; yFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.' B1 V2 }) B7 i" k
/ {1 ^& |. [, X$ XTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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