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LZ is right. Please read carefully.
( C' p. p, @: b9 h/ sCBC News:: b7 F0 N* X8 S5 ~& h3 @
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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.9 G, A* c8 O0 M& v
7 x2 W- r" h( ]3 Z; nOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.0 n. M+ @0 x0 ^6 g0 S$ V
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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."
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, {* H2 p7 F- C5 V# W6 W0 P4 RThe 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.+ N, I, a9 f* G6 [5 Y" r! T8 }
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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.. V3 k6 ^# O2 I7 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.
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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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