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LZ is right. Please read carefully.
6 l. m3 M/ J: B3 @CBC News:0 X' H: s- k* Z8 S4 l1 w9 U, b
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.8 y# C% V- c3 @5 B. ~' W q+ A* n
9 L+ K- x! m' b% QAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.8 F2 ]; s) C! m, u/ B5 F4 S' s
# Q3 e" h9 D, j ^. c$ n- IOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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$ W8 Q7 i6 t" F* oThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."6 w1 P& M% N+ O) B1 I% x @
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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.) C# h' f! U0 v: R6 P0 Y
" g6 |# Z1 \, k2 v( v: QThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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.( e- C, [& q( D5 |3 l
( P8 X2 U" E% r* ~1 g; [* ^1 r6 q- jTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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