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LZ is right. Please read carefully.# i0 L4 i' P! w( h/ `7 {6 o
CBC News: K6 _% a+ c( R
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! S1 s& J. b. d# a2 ~6 d7 }
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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 $28) for education tax.
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. Z8 I7 y6 |: o& o' Y* XThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."$ D" i# X# X% o. q
z1 p" R1 w" [: m& v% j) d kThe 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.0 r" _; w: t" h% e8 m9 k3 }
) D- j4 i2 v7 ?" x% n6 Z, `; v6 p( TThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000., ?+ \# Z* M8 A! H P, u# x
9 e1 v! i0 V1 _* F% yFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.! z5 z' ^! w+ f
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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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