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LZ is right. Please read carefully.$ v g7 G, R4 M. l
CBC News:9 f! |5 N) U' g
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.& I, U. K6 d- G1 D/ @5 K
, N! R- @% Q7 P6 e, ^/ XAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.& N/ {6 X, ]% Y/ i) N
4 f% \* q; f1 u4 N0 S7 E. T6 kOf 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.0 V V3 s( \1 T/ E S% V0 e
' q6 ^1 O% R! n' \" NThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy." I* k( x+ N* z7 W3 h' n
- K6 K) {* z: B; ?- FThe 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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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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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