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LZ is right. Please read carefully.
! S% i: K$ w* M6 V, r& c/ LCBC News:
$ V/ [: [: N/ H7 k" p& }+ hEdmonton 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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5 y' y8 O. q9 q& z' HOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.- b# g9 N$ o0 P8 }. {' C
. s+ ]9 x5 `* EThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."% l( l+ X6 r' y0 u$ F- Z& j6 Y( o
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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. P0 _% [' m3 \& ^7 Q
9 v* \8 V, W2 ^( LFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.- g6 D. n; \# n
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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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