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LZ is right. Please read carefully.
" s3 F( m! |% T' B, J' tCBC News:
5 M# u, q- t' f' Q- ^" o) `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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.1 [: C! I5 v0 T0 Y6 ?+ G. ~
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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 $28) for education tax.& ~$ C' t. s1 A0 ]/ a d( u, g6 _" `& M" L
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."* ], N' X1 ?" _* {' Z
% L% W% Y7 H- `0 B! P, VThe 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 $397,000.7 J4 Y0 O6 _2 M5 T* n
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.2 p3 B+ G* v% r8 _1 k$ G5 r
" ?% \& u8 @' J2 {4 BTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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