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LZ is right. Please read carefully.
/ h, }1 v/ L& v( v9 n5 q* @) V, B9 E# ECBC News:) l3 Y6 F7 U- M" a; m, }
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.' m) P; ~% x+ `7 G
& p. g8 o# G5 w8 w' x' V3 R- nAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before., O) T1 ~( N' j5 {. S
) w8 d/ B% A; lOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.) h& |2 @( p+ V, N& u
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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5 ^, q$ A- `( B5 VThe 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.7 F G# h* ]5 r) W8 T; ?9 M* R' f
! W! h3 ^* q5 ^+ f: D( mThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000./ H4 m% E. p' W! b: C
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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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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