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! P! ~; y) ^% N5 m" ~/ m( L+ gLZ is right. Please read carefully.2 b- {$ k1 S' i) p5 _: ]2 E* Z
CBC News:: |% x( i9 U7 C2 z
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.5 J" x* [' L3 R& S
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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.9 z+ v/ J. w4 d2 ] k
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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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* W d2 k. J' w1 l8 K+ ?" B* oThe 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.: @2 c9 ~+ X+ |4 C" J2 R
) I9 |. j3 v2 `6 y3 { m4 XThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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3 D7 \8 q4 b. S. e4 e# F+ t# H& IFor 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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