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LZ is right. Please read carefully.
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3 e8 f C, }) L+ CEdmonton 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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7 N5 v: r, d- c2 M! D. l4 R, cAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.1 e! ~( f* f5 Z' |8 h2 c
+ j, V+ }' U) p5 a; ^Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.5 s4 S; T) b: o; o# g1 c
: v( R& ^) x. D; n$ Y1 d6 b5 vThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."1 [! Y* h* p: A: }
0 ?$ X q4 P z# J, V. EThe 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.: N7 V5 J4 h1 V! B1 T% [% W
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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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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