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LZ is right. Please read carefully.. f0 i B" }: Q' d0 `2 X: ~9 t
CBC News:
8 W/ Z: f5 B' A7 c5 K7 QEdmonton 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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9 B! T6 \) D; l9 R nAnnual 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.
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: b& r6 x, U/ Q4 pThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy." I' Y- e4 n7 Y/ a
% v' B& J& L/ f7 O4 G oThe 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.2 n7 ^! G* r" m5 ~" C
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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 $9 a month from 2016.
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+ }2 u' _$ g% ^' R) d. CTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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