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LZ is right. Please read carefully.! N' p& L2 D. R3 t
CBC News: W j: S4 @4 P8 |4 L
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. Q' G* P. \: G" V- ]
7 E8 i* @! H; h$ R5 \Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.( C( E% J+ F( I! _
6 d# x: W& |; @: r7 J% gOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax., p( [' l Q) |9 Z' X; P. X
' p1 n1 Q( [, z1 v8 m. jThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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8 q, j( K: T- k: l* r k0 O8 J$ kThe 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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- E! s: @" U0 u, DTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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