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) C! |& F4 v! zLZ is right. Please read carefully.+ s( Q1 N4 g- z3 g7 y0 j2 \1 W$ ]8 i
CBC News:% G' e% M; Q3 j5 U E
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.
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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 $28) for education tax.( ^' @6 L9 |, _+ G. L1 G; o! `
8 S( U ]( y s! q, J) x+ dThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.( X8 E5 J7 r! r# p! D" V; M$ U
j5 f4 i2 x2 l& Z/ ?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 $9 a month from 2016.: g! x# C$ K3 {, ]# h
: Q* x2 I _9 w4 {# e- jTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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