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LZ is right. Please read carefully.4 u4 t* W# Q6 {( q, X
CBC News:: g0 ^* T! i6 _8 k0 V b2 Q
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.4 ?8 V; J* j( ]* J: |
+ U% I& C5 }: P6 cAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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# n! g; o! |# ]% P* NOf 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.+ Q8 z0 l! _5 g1 h% A
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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."
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7 X% V& U# i2 e! tThe 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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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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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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) g; G; j" z2 a }( c5 XTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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