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LZ is right. Please read carefully.
; Q _0 _ t0 J- CCBC News:
+ k# [# {5 r3 JEdmonton 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.
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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 $28) for education tax.: h9 w/ ~" W+ m
8 R' U% ^, o! M' H5 FThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."5 Y: Z, a- d' Z0 D$ ^7 D# z5 a
3 K5 m: x3 [2 v6 {0 Y6 }7 w. @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.4 s% y+ Z- F. v! y% w8 j" B( ], s
2 i) A6 z8 P- h2 A- P) }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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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.. t, ^3 ]- `4 f$ V
; S- F1 A$ P! k# e; LTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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