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LZ is right. Please read carefully.' Q' i, m/ H" H, n& B
CBC News:3 @: y, t) }# ]$ b
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.
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.- I7 {9 C, c$ S" y; R
3 v/ L9 o6 l6 ^( \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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# d/ E+ ?, h. g, OThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy.") f! v/ r: Y+ a
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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.3 W/ g0 n! D- @% Y4 R
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.4 X& P5 d( H5 d4 t. T
4 v( s( s1 ?% Z( c4 o$ G ^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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/ C; U& K6 q, t# c5 oTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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