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LZ is right. Please read carefully.( h' {" o% P U
CBC News:) A# j2 G. U- E# L; h% [+ k
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.. H+ R3 l1 S% S/ L4 e T4 S& Z
3 t" G# J- z9 ~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 $28) for education tax.
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% h( }- f9 V$ z( w* J& |* FThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."* B+ Z% ]$ `. u" Z
- C/ I- e: d* J" X+ [7 m1 l$ SThe 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 $397,000.0 L7 F$ K/ P. X9 S6 b4 O
+ f. {$ c+ u4 H hFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.+ G6 `6 P# G+ A$ a( w! I5 b8 V3 e
' ^0 W3 u4 z5 f6 a9 M& [# w" }9 ~Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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