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LZ is right. Please read carefully.
* X; Y$ \9 d2 o4 ~; c* @/ Z: m) e3 z! ]CBC News:# z/ B. X: v9 @: _/ t2 r; t5 e
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. f6 F) m& ^3 t( B
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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." Z+ v/ U; G/ f7 ]1 k
+ J9 c+ l: h# D1 I9 A4 p8 |9 g) ]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.
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7 B, Z. w0 Y/ b2 g4 ]) yThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."# F: g9 ?7 ]0 c" Z
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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.7 |% V7 X \4 f3 B& g( D* j: \
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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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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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! T- }- m: I$ J: L$ pTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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