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LZ is right. Please read carefully.
9 t% s2 ^7 ~# q* yCBC News:
$ r; m1 \6 f0 s8 C4 xEdmonton 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.% g! {7 b W9 G
6 s" Y4 h/ @, x% MAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.8 ?, o4 O3 l% W& u& M
* `1 X# ]6 @4 k1 y" x' J- G4 P' l! g' rOf 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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2 t( A9 F6 u8 HThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."' @- @% {* W9 k. D
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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.
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.7 N( ^4 A5 @3 ~8 R5 ]3 c+ C
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016./ W$ u( g2 F& j2 k
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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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