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LZ is right. Please read carefully.# }' x/ Y' M Z- X
CBC News:
' Z0 E' l4 @4 k8 x8 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." I" M9 t; J. i) ]4 i$ w' Y+ T2 C* B
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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& m5 Z$ Y& W4 b+ O! @' zOf 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.1 L" V& L' X% x# I% w" ^
1 N) C i" B. s3 j8 x& rThe 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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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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& R& ~8 t+ {0 B* c" dThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.- [7 H3 i1 P' w; Q% |- J; P
j6 f) |& j! M/ ?- U& iFor 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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