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LZ is right. Please read carefully.! L0 `0 b5 H8 @3 R. }* W
CBC News:
' P2 d* u8 [" ?. G; KEdmonton 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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# b7 \. ^$ y7 G. HAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.& Z" j1 q0 s& r( J4 x" e
+ [, J; j2 t) C {/ p# E/ ]Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.& s3 F% T) D$ e. n: s$ O
5 u, N% ?# z1 P% j5 |+ F6 GThe 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.1 H* Q7 D+ f: }/ ?+ P( I
" ^% t6 U* g9 e( W/ J) gThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.! D: n3 Y. H w
5 s( ]# q1 p( G% |For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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9 m Q |6 J$ `$ D) q" mTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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