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LZ is right. Please read carefully. g5 E' w$ j" y- A$ M6 f% X8 a L
CBC News:
/ L5 P0 q9 { O. Z8 r% A/ SEdmonton 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.4 J, l2 u9 e2 x8 v m
4 |+ e+ L# Z* c% NAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.7 i" ^- T2 x: d9 Q$ {) e- W) U6 H
+ e' u: _4 o3 pOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.$ D8 W$ o9 ^+ O% o1 {! j" q9 P8 n' @
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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."1 P1 Z- O; A# ]3 _% W% \5 V
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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.0 u$ A8 q+ N4 i" N* f5 a
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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8 A3 u& k$ ~3 Z& DFor 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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