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LZ is right. Please read carefully.
2 }) @2 U/ I& q4 ]/ s8 A; G* qCBC News:0 {' o2 ]/ n+ _' I) s" U/ j% L
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.
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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.; x5 o6 _) T) a' L; c
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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 $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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$ Y- s$ x! J* l/ {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. _$ v# u* }7 [3 T+ J. z" F
! ?1 S8 [1 F9 N. b( [* }& q9 _The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.5 G" n& }& k" i( i
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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.
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1 T1 S2 K9 B. r% K0 pTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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