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LZ is right. Please read carefully. W) u: s5 L8 D0 @$ t
CBC News:" V I3 T, ?- ]2 Y) q' Y8 d8 w
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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; D+ w" T; X% ^8 [+ o# {9 f @# e. QAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.' _7 t/ \; v- o' H3 w/ d1 N, c( z% N
7 P9 z& U& k8 L @: mOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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3 F/ q' ^2 _4 t$ N8 uThe 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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' V. |/ n: J- t( X3 UThe 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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$ O' W# P" K+ y4 eThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.. ?( r2 w0 v/ T* [
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.8 d8 `" }2 \5 f2 E5 H; `% B$ S
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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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