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LZ is right. Please read carefully.
4 ~$ o0 v' C! b/ |: ZCBC News:
: D9 \3 G: W( o8 n( `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.) K z% V/ D6 q n* P( E
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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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/ H& z' T# g7 o n+ wOf 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.1 ?" h: ?1 M* H) j4 l9 |6 t
, r4 t9 P! l, Z, l& t- l1 k. T. AThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."8 x8 M, ^ s; |1 H6 S' Y
: t* l. A% }+ G! ?( `2 k! 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./ j3 b, J+ A% a4 J" {& @9 h/ h
, U5 s, t) h. m3 M/ O; Y6 S, h5 P* CFor 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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# }- ]/ u- B2 E, aTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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