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LZ is right. Please read carefully.$ V( V/ O; C9 t/ y6 t# b" \
CBC News:+ i8 T- v$ Y) r; ~& P1 x K. H v
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.' d& }+ v$ F* P l6 }, I
6 ?0 h% c) F- R6 d" J# w& @& [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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' u2 m) ~. X: j1 iOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.0 |9 b5 V7 H$ C
r6 `7 Q$ z5 O( QThe 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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% a$ T3 q! P# J, D+ tThe 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.! w- G! l7 [; s/ k5 p% r" _) ^) o
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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.
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.! m% n, e7 z$ E) z, b: D
; F, l6 k. R9 `Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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