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LZ is right. Please read carefully.
0 J/ ^ L0 ^ m# u0 A1 eCBC News:
- `. `$ L9 o6 T5 n, c5 IEdmonton 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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, m- B8 o7 n4 l3 ZAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.) x8 x! o9 n" M$ z+ J
' ]5 r( o% R$ b4 X" o! E+ T7 }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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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."" I. u& O) v( h N
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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.( H1 z% x" L& c' f# W) ?1 \$ x
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016., b4 C1 e* K- Q$ O
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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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