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LZ is right. Please read carefully.
+ u- @1 X# [6 QCBC News:+ L* k( V6 q$ G9 S+ b- E
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." F" q6 r& G1 b+ Y) E
0 V. ?! K/ G( w" D( o) zAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.# S) [0 s( V- \5 G
. A1 G% O" w" U' v- s4 C9 ~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."/ h# r# l/ J2 z
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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.6 b/ {: F. ~! B" \5 N
, `* t( Y# G7 B) OThe 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 $9 a month from 2016.9 b7 ]2 C4 a$ Y Q Q0 o& S8 o
; U- h, f0 k f5 QTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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