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LZ is right. Please read carefully.* y$ [, B1 o0 Y+ \) w5 e
CBC News:8 f: ^' l1 k7 G4 d
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.6 i) x! @% y5 j# h2 q$ @% `) s
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.% e$ S* s: t5 e3 @9 P+ m$ n
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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.3 a& I: Z }/ @# d- K
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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."0 p) S5 F& Y. e
- J- @* J. V* `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 $397,000.
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. n: `$ U4 l, `# f1 H# LFor 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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4 b7 H0 o& N+ G7 hTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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