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LZ is right. Please read carefully.
. |7 `$ A/ r$ J `6 }CBC News:
, H. M0 P8 h7 [9 UEdmonton 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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1 b: m1 [- C4 j( vOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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1 Z8 K$ w9 M0 Q4 X/ x! KThe 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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1 v9 O5 H( C' O9 F9 ?& 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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.& Y; j; U9 V% R+ @
; u6 ?) j8 e, l5 ~+ ^For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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; i3 [( c' i; z4 U$ v2 S: DTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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