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LZ is right. Please read carefully.
( b( C8 t) X- ]% Z; cCBC News:
, X& n" Z& i. m, }( _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.1 ]! j: [; g. u$ Q/ T2 @
6 A" k. [' X1 ]# ?$ qAnnual 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 ]& r; f, P m7 V! J& y+ N
4 D9 X" c0 k# P0 Q0 DThe 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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4 b0 _! {7 Q: Z0 mThe 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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! r# g7 v# @# ^& b, t" oThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.7 ~" j* A1 G8 ~" v! t
& q# G( n( ^& S8 E3 \! wFor 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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