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LZ is right. Please read carefully.
, s% E% Z9 n- gCBC News:7 ~0 v4 M, N7 ?6 x
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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1 E7 G( [# F* M; [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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- I R9 B; i8 X: iOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.; {5 z# K0 ?; X
/ R* T6 @. Z3 z; o# gThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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% I* j' m4 l& o/ M5 o, a6 y+ ZThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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' Z" A8 U. @$ z6 M; Z3 d+ c% MThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.7 }- C/ v8 M/ q2 d0 Z: W5 E& ?
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.( B* A0 V2 |4 `8 _& a9 n$ c- m
1 M6 M6 ]0 G1 d u2 m. Y6 sTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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