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LZ is right. Please read carefully.
4 R: C& M8 Z; A; hCBC News:! Y1 ]3 R1 e9 H$ [- C
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.9 ^" Q/ G$ e* z0 ~% T4 m; m
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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.* c% P) t" v g1 o+ ~, D& L
6 ~7 h1 f, C. U; k- fOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."4 P& N& v- c7 J0 D5 C* o2 ~
, b5 E$ q2 h3 p0 [1 u& u& KThe 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.; j$ i2 R; ]2 d3 P9 l
4 K$ N' X7 c8 o. G! h! T7 `1 ~2 {The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.2 F1 S. A5 ]% u8 i0 n% B5 r
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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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( @5 L0 P' M+ @, D# x8 }9 g, @Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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