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LZ is right. Please read carefully.1 [$ t9 Z2 M, ^. p
CBC News:
1 B5 \' V0 s- z- T7 v2 m# R5 FEdmonton 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.; N e: ~& W! ~) E% g; R8 {
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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& ^0 O. @9 G$ b7 \0 QOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.3 V+ d: Z# C, i
% z+ [! c& K' t7 S3 z" M, [The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."( I/ _$ Z' T: v" _
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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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! b: u' x3 z- U% k0 uThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.4 J" B3 a: Z; A
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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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