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LZ is right. Please read carefully.3 E7 d+ o( V* l- k
CBC News:
: i. r) f4 T* Y. f5 ]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.: C" o; V0 p: [0 T1 e) ^+ {
7 t a5 A. Y( |) _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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6 n6 Z7 X% r' Z% K+ OOf 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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) G- o6 J9 I; o3 e; d; UThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."- Y) r% V- m8 m
' j1 n9 N, i& bThe 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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8 w! R. f; K3 o* yThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.7 T) o+ [# S. Z% C
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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+ e$ \+ k+ Q( O# G0 @8 a% d1 dTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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