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LZ is right. Please read carefully.
9 M' z/ T1 A& T1 n. T& R' g# VCBC News:
+ I" J( O! k% r3 g$ W2 h) mEdmonton 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.. h4 J4 n+ ~* f0 r8 Y/ Z
: C6 n. F4 ]4 `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., T2 W: C- V: Z. h9 z8 ?! i
0 r, {4 K, }3 J2 B8 b/ M4 o+ rThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."3 A( `5 n& U3 a4 s8 J
$ m) u/ d; t# O% KThe 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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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+ y! i- y7 `: G1 ]9 S9 FFor 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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