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LZ is right. Please read carefully.
5 [+ O4 [6 ^# V2 v2 { o, V2 mCBC News:! E7 R9 q8 D* | U$ q
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.. j: t* I* m9 V3 ]! |! {
4 l* X! e8 j2 k! {. \0 }6 N$ [Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.! N+ y" o! Q; L( P5 U0 |- N Z0 K
4 i6 Q2 [1 l2 Y: m. sOf 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., r% N! \0 p3 E4 r
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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."2 W7 m* a4 u( g! m" Q3 M
( I0 R w: q+ }2 ]4 L& fThe 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.0 y3 R' D. Q- U3 \
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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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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.7 W- x' T+ l, c
4 V& h$ m! O; K8 ]0 WTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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