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LZ is right. Please read carefully.
- r4 ^( |1 C$ f+ C# hCBC News:
* B: V9 o1 ?0 K' K! U) ]8 uEdmonton 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.8 d' V! ^2 p' q# Q* ~+ Y: t% H& Y
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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.4 Y: s9 E5 m) M4 S' r
' p' v4 d- Q/ I9 E( {3 y3 QOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.$ d' \ Q7 Z) m, f+ k5 w
' r. K) r5 u9 J2 c$ K9 iThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."4 }# H- ~/ A- d! t* N# x
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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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0 }7 l( k5 W4 r& s/ {The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000." A0 c Z* ~( p
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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.+ ^! K) i5 \* E( {7 t
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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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