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LZ is right. Please read carefully.
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9 Y2 `* x& q- T3 @: |; b. ?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.
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: N2 [0 t1 C* ]3 JAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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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 $28) for education tax.7 C; e$ O2 M2 S! x
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."# m6 e2 P& \: \4 h. K' p' A9 Z% W7 @! G
9 |5 ~, q9 c! V* `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.1 s7 w% F. ?" t7 Y6 k: O
# N e- P. L) z5 H2 b$ z1 j0 GThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.) o! h0 i$ ]; W) J! I9 v+ B) ~
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.# w/ S! }& F$ o- B1 Q ?5 l( _
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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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