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LZ is right. Please read carefully.6 N+ x$ H2 r6 G0 n0 q% B: |# f
CBC News:
5 k5 n W$ v. ^; x3 V6 E$ c1 sEdmonton 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." ?* \# a; E! V, ~& b
& h2 | y% q# ^- \; bAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.: D5 E* G" x, G* C0 G1 b' d6 v2 V
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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 $28) for education tax.) q( r( u2 v! D( C
! v% l: \ X% Y" p$ d1 A- lThe 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.: u) v1 [3 R, c+ f) n
* E7 ~6 f4 \' Y% Z1 fThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.1 A4 K0 G. z4 d% v; V
" v6 _6 D9 j8 l8 zFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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$ }) Y" p' r6 V5 F1 W1 QTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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