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LZ is right. Please read carefully.
" a- V. W Q3 Z% R4 C# p5 sCBC News:9 s8 q8 f, F0 q9 |- f. g
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.( v! _; A5 J0 w3 e6 d
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.. V& a L5 T2 Z5 y# S/ G2 S1 ^
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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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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.# g; d# C4 g3 e4 k) C& ^ c. m& f
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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.& t- e, l7 c9 M2 h
( q# l, C( V) [- v+ y0 j, gFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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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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