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LZ is right. Please read carefully.
' Z7 c# o# j6 yCBC News:
$ a* l1 j" j+ a) A5 D# fEdmonton 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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$ O% ]1 d c& b2 X. TAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.6 Y, n* G6 ~$ E5 p1 w7 ^
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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 $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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, p1 H6 \: U9 }6 `+ ]; bThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.$ e! M0 H/ e/ F* L
* Q/ U. R8 T$ m) w$ GThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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8 z6 }0 l5 D$ V p& y' C. Z+ oFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016., Y5 G0 d& {3 ? u! b# j
* I+ x% t' I- `Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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