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LZ is right. Please read carefully.7 a! z4 {) L% p3 d
CBC News:: ?' g) y3 C s A1 A. x" I
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.3 B! q' G W* _! f
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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.0 q. o6 G# J' D& z: P
' U. I3 K8 j+ d5 F( D: nThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."5 Q% q4 c* J8 |
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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.# ~% l' ~- L5 U- ~; u
4 q6 h, H- b5 e, L4 v2 ~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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! q3 X& m W& J( | U N+ f) [/ MFor 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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