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LZ is right. Please read carefully.
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( ^) v. f- ~. g" T- gEdmonton 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.; J+ _6 r y) z
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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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/ f1 @) o F9 F- \' y: \1 v* dOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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9 t& y; Q1 C4 V/ R3 v$ s) LThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."& k( g+ `# x; m0 I9 y7 d
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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.7 ? [) s% E& R$ \7 [8 c4 w
' ?6 w; L) m! w. K5 @& ~7 GThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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, c; Z6 b9 Z* ], n' G2 F& ~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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