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LZ is right. Please read carefully.
0 c2 U$ L: k( V+ d# l) X5 gCBC News:
: o8 r" ]0 O2 z2 ]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.
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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.3 A s- i/ q/ V( S
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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 $28) for education tax.
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2 F- u, d9 f9 W. x. r0 Q) A) N. ZThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."$ L2 G# `7 {9 N7 t5 I- O) y2 E5 v
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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.5 H' ^9 H. N" j( G. j
+ ~& L! _8 o; T0 V i3 _8 ^1 OThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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* ?! m- G( R U; \& O4 V0 y9 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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* `" `8 W, c% }, V" h, U- hTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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