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LZ is right. Please read carefully.7 g1 I5 V& ~6 U8 ]
CBC News:3 |4 |/ a' k4 j& D2 z" |( i* Y
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." ^; R6 A7 J& j* a
; B# {7 ~4 t0 o1 NAnnual 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 $28) for education tax.8 r7 u+ Q4 h1 F. C: r/ D6 z/ [
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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O* l: j2 K" s5 U" vThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.2 X( ]) S! ? q, J$ Z ]
2 J2 [0 V* c1 gThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.7 ?' ~2 m' h3 T) L6 y. V6 `
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.0 ?% g. b6 @( ]$ }) s; X: _
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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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