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LZ is right. Please read carefully.
1 D: @: f e, a ^+ z4 K( M. ?' XCBC News:
4 k( [8 w4 o6 O/ XEdmonton 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 $28) for education tax.- C) b9 s; [5 c( h
; ~( d1 M' ~$ IThe 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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; x3 l1 X4 N& m5 rThe 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.% S C; K9 f3 `/ _. B
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.$ G0 j, p& O; e& A. V/ N0 q A
8 w6 C$ m2 p, v1 ]% KFor 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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) V! B# b) z. T9 FTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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