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LZ is right. Please read carefully.
+ m3 I* O" a- }; V2 O4 wCBC News:4 q; ~ N b N5 P8 R+ \. Y, {% q
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.- \& M+ ?: Z0 @! U3 D$ t
7 c. C2 k) Y& t1 S7 D: t NAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.* N* l$ c$ g6 Z$ R3 V* c
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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.
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& D1 m3 S9 I* I+ Z3 PThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."/ y; Y! ?; p7 j6 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.& y- g+ m7 X, s6 o) b' k
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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.
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& k, p8 z# J. U; M/ \+ LFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.+ Y$ V) ]0 W T' I
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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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