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LZ is right. Please read carefully.% r/ J+ S& k/ f' S
CBC News:8 K. N1 d$ P5 {- ~
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.. _- u- v. ~8 X+ {: R7 C4 [
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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." c8 e/ l! q! G. h4 a% E( b5 x7 q2 |
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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 $28) for education tax.: m1 O$ R4 I# T, [
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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.") s& o% n3 y' K1 p+ x& j7 B
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The 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 $397,000.3 }0 c7 P& y5 L! u3 Q4 F
" @' J1 y4 a+ w& OFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.7 ]4 V: s, }% [# W! Y
# J( V0 y" t7 I W L! j+ S5 yTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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