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LZ is right. Please read carefully.5 X* c: Q! L- S
CBC News:
8 b, k3 f* n& T5 QEdmonton 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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! g' `* v7 v/ PAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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& G$ V* D0 V8 j6 k8 `$ @ ?" w5 xThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."9 h; e3 r" ~; y' m! ^8 c4 M) o
+ N9 @/ I% v% U% Y) N& DThe 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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0 K) B! c' |3 ]' H: m; xFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016., i& b3 P$ d, S5 l2 q
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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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