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LZ is right. Please read carefully./ Q% A1 E ^) J: Y v
CBC News:
$ m! X/ q8 e* W" gEdmonton 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.* P2 J& X+ u1 c8 z
. _: s5 O' p1 x BAnnual 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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' l# X0 u0 K6 {0 U4 H, TThe 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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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.& P& N) H, a/ w; L- r P L
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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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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.* R% O' m5 d6 r0 r! ~
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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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