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LZ is right. Please read carefully., x4 F6 I5 E0 ?3 o
CBC News:6 y0 i, b0 I; 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.
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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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! X; u1 v! T& M. iOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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4 b, J: k6 Y- |! P5 pThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy.") l- h, x$ F9 U( f; c6 j
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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 h8 o- J: a# J. L9 J- Z2 dThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.5 z4 s( ?% f6 \( @
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.- p r% S `* D/ f0 Y$ W8 \* T* P
7 e) e7 V+ k9 u1 z/ x/ RTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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