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3 k4 p# M5 X) q, _9 x# ]3 HLZ is right. Please read carefully.
5 N6 r; Q2 v$ ~: i0 h: f! ?: ICBC News:7 s4 b7 Z! `. k( i5 c, e$ s
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.6 a- R0 [+ a. ~/ E @0 N" f+ |0 i& z' v
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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.3 G" T! [4 m8 q: 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 $28) for education tax.) }" p! u( {3 O( V
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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. I/ ]9 m5 h+ V/ t+ [( ^The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.7 w/ p% R* B# n' l
' H7 e+ E- z _- a- D$ \) hThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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+ z& U# G0 B/ t* k# _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./ x/ p& x& @0 L" l8 d* ~+ A
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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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