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LZ is right. Please read carefully.6 U _5 D! d- N
CBC News:4 H6 V$ D- p9 N- i* A( 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.
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.2 s# C5 U# ?$ G1 |- v1 O, d
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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 $28) for education tax.+ v4 K. U$ n4 O
1 P l0 H, n! K' p2 DThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."3 {0 g: T8 y: b) r
5 V4 t/ R# g6 s. |: c3 M) yThe 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.& T- y( Y8 o4 j# x9 ]
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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." B4 p& h3 g% r4 M( N5 p
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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 2016.2 M+ R: M7 b% a; ^. R3 ]
. T# z% i) F2 s/ Q+ sTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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