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LZ is right. Please read carefully.
; P1 \& p$ n; u7 WCBC News:
4 J6 w& H8 z5 I2 o: x' PEdmonton 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./ c9 K, ]: |, H0 l9 P" M+ P4 F
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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., I8 d+ B o& m8 s* f
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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 $28) for education tax.2 g4 s! t1 o2 k+ q! }
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."5 t# Q( E, s! X, X
; _6 q M' Q5 D. t5 mThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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; C9 _: @7 C$ N. r, f5 [, LThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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, S+ h. Y3 ^/ P# vFor 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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- J6 v. l2 ~5 `Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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