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LZ is right. Please read carefully.
0 U$ Y' h/ {% T( K wCBC News:3 V# E, s, v% F* o
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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- a. K# e3 [9 [' m. GAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.2 Y: ^' M! V) u' s' }
" d1 Q9 [' t$ A$ v* L9 mOf 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.( P# w% m. p. k: T
3 t8 t! q {' X0 Y6 z0 IThe 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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H0 @5 z: e+ y8 x/ ?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./ r) C; [% K; [
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.9 r# q1 ^( F0 A/ e& x. L( {9 Y* d2 o
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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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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