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LZ is right. Please read carefully.
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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.% b3 p4 Z! V" Y0 K- A3 R+ V
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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.6 ]' C; F0 Y5 _+ d
- V/ {( `# o- a; L* Y, q8 rOf 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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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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% W8 F+ T3 t. s- G& XThe 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.' G- }1 l. `: a) P @
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.3 q# z5 z- q0 \8 J5 Y5 ?# h3 F
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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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