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LZ is right. Please read carefully.9 O- j/ k) i D% t
CBC News:9 M% z' f! v( V& n1 x
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.1 V9 O* T; T5 }) x- i" p0 k
* m0 m8 |/ E8 V2 S; l7 YAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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0 U9 N0 m$ L$ Z5 hOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.3 P1 m( ]5 m N9 [5 b Y
: g9 r* W5 X$ S3 r( UThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."; C+ _" y8 A) m; \ j, K& k
/ I9 y) C" V8 C( b' z. f* u) l+ 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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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 $9 a month from 2016.' q ^( T Q( X1 A$ q; l
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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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