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LZ is right. Please read carefully.
" T+ o0 o& W! x0 `CBC News:+ c: @" J/ D t$ N: [, J
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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.9 L5 N/ F6 y) v$ I7 f3 \
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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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! U y; `; k5 A# AThe 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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7 l' `- _+ i* M* g0 UThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000./ K! ^0 r& H7 Q
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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 2016.5 w9 V/ v1 `+ r, E' V
+ \& N* o. C! ^Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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