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LZ is right. Please read carefully.2 v# F2 i$ [; L! t9 P
CBC News:
e+ H, G8 O4 j9 h7 b4 y: p+ CEdmonton 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.
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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 $28) for education tax.' A; {! v" H) d4 D$ M& }
- e3 ~* `, w) m! i0 IThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy." k: S+ L& P: y/ E. X5 X: R
0 R- x& U4 k$ w" X2 ~7 h) `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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; E8 D* T6 |+ x2 f1 U& N9 C% fThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.* k( `) ~0 U+ y( G/ {
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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., d6 p5 q8 A% ^
- p( f0 t3 M( M. D! L% U5 ^Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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