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LZ is right. Please read carefully., i6 v/ k4 e1 G6 R# g0 A
CBC News:+ I& y7 t; k. 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.& v* f2 s+ R. h
; a% |8 |1 N& ` O4 oAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.' O% b6 b$ ^7 }0 ^: B) [8 @! H% S
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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.! S! G; q% [2 {. c' }8 m' x9 O
# d& \2 k) h9 l5 aThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy.". `+ D5 x: x" J1 [1 W4 i7 O
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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.% Q) c1 \+ H& j- ?- c. [( I4 f
0 t( \9 r- v% j8 I3 F+ JThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.& m, }& o3 Z" @& I$ ]8 F
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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 2016.3 c* I; ]7 N8 k! l+ p
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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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