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LZ is right. Please read carefully.
. @6 U) G3 a$ O) _6 vCBC News:
& Q2 t7 N0 {& y' c, S% G4 oEdmonton 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." j4 }, B! X6 M3 h8 [
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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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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.6 v2 o) w" U( e" t4 q
8 m+ s9 Z- S/ K* ~5 FThe 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.2 V! u1 _; [4 }8 i3 ?% ?+ I. I
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.6 W7 }2 u8 e# R6 I9 g7 A9 [+ n
0 m! j7 C3 C: }3 X" wFor 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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; x& C9 P6 {6 wTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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