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LZ is right. Please read carefully. l8 r& X9 L4 X* k& u9 U( A
CBC News:5 _& i7 a. F( c1 c1 Z
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.
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, [. K; l* T# A" \Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax., t. H0 q" c6 ^& e+ W
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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& P0 S' J( e2 `1 n; FThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.6 U P9 o8 |! i6 f
# t0 I2 i/ y9 T4 y$ ^The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.% ?& P6 S$ [6 d4 N9 S2 ]
5 B- J1 H6 D9 s2 X5 \' K8 g7 P1 ?6 iFor 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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