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LZ is right. Please read carefully.0 u; a: z! [5 M) j
CBC News:) U. V9 z/ a: p5 f0 N; G4 ~5 J
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.9 A: P* C1 U5 g4 g+ M
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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.2 V0 }( ?% _! a% W1 w4 W
/ w5 v0 b( W3 E. S aOf 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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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."% y" e, y6 p) D
( n. _& s5 }) {. T' ^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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. u5 c( h4 K4 q" _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.
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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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