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LZ is right. Please read carefully.
. [4 G! B# v% y8 |CBC News:
5 k9 M+ K5 \% m& ^$ A# o% V( _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.. e" O# ~$ F" T z- ]) o
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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 $28) for education tax.- K6 E& a8 [3 T& H
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."2 G5 g3 N5 ~2 o) m/ Z. n, i
. s: \/ s' G6 W4 F" L2 M& w0 oThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.! m# s, C" Y. [/ o$ `# V
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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., `/ n" A* u U: F' a
( `8 Y) r1 @3 B q9 i* @# z' w* ZFor 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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