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LZ is right. Please read carefully.3 Z. t3 A1 S* E
CBC News:$ R; F S: ?$ Z; G: i( S! A
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.
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! l1 Z1 H5 V; O, ~9 DOf 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.
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5 G: V: T8 K, _0 mThe 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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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.
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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.: ^/ @" d. ]& b# A
) R' R; e8 c. _/ A2 Z/ z% ~For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.5 `* i- z3 p) W0 q* _ _- T) P* z
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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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