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" r; E' R: v7 eLZ is right. Please read carefully.
3 I5 B5 b, n& [ t1 LCBC News:
2 Q" D, I8 M7 k* c- ^ f# dEdmonton 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.. x' [0 Y- }& }
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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 $28) for education tax.9 B5 q; v; X; X$ S4 a
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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."& X& S+ X4 `5 X u
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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.
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# z- P5 u' j; C2 {1 TThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.9 a& z+ q$ _4 E# e
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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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+ g- g' D; L0 B+ |Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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