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LZ is right. Please read carefully.
4 g! A9 @2 z# g; v8 ACBC News:
8 N |* W4 G) @) b0 z! T9 nEdmonton 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.3 q' ~& [) U9 {- @, J1 L
Z) m) \5 x J+ aOf 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."6 v* d6 Z% x1 e% {
5 \( v3 c- j! B5 l3 h0 TThe 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.) W: Z q# {% {" h; c! N4 Y
5 x6 `. d, u0 p: JThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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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: q+ ~1 t/ g; X3 G' r7 |& g nTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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