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LZ is right. Please read carefully.3 \1 v1 B7 s9 R
CBC News:2 X8 c1 v3 z" Q. S' h+ v# h `
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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: }0 | k$ ^% A1 IAnnual 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 $28) for education tax.' `, o! G& Z; I) y0 A) n; U6 g
% x0 L8 H9 e9 b& t0 u$ DThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."' {( R! n+ s2 a1 s1 V, z& M8 X
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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.
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2 g. I7 q% L$ bThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000. E E2 G& ?7 h8 P% ~8 |5 M" F7 ^# L
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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.' H6 D+ Z6 N7 z- L; Z* y: P
P( e: y2 u5 x. ?+ c9 JTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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