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LZ is right. Please read carefully., N4 f1 u8 W6 Q- @
CBC News:6 d5 f. P8 v/ \$ |
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 L0 R) U$ j; Q
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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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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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& k# D8 _1 Q7 i" D8 Q2 d0 R9 NThe 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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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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" M' ]" |8 B' F6 w3 e9 [/ B5 iThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.& @1 v4 O( l1 B
" V8 V% I& x& n- A- {4 \, WFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016./ Y: Y. ~/ n7 Z3 B$ K, O& x5 [
; k0 p% G1 ?4 K7 _! bTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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