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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. y1 J* y& l1 H/ _
* L o! M! ]3 N" U. m" o3 B9 dAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.) x. z; Z4 ~9 l& G% D
U4 D/ M6 y5 Q _/ ZOf 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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2 n i2 s" T! N) k& d# wThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."6 L" z. H) {+ V3 B: A
2 Q2 K# N; a- V4 i* R# q/ sThe 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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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! m" \: D' ~, W! yFor 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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