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3 B1 x7 z+ \0 f. K! ELZ is right. Please read carefully.
# L; ^% `0 y( ^1 `* d2 T- H3 fCBC News:1 q% H& t% `! X( G! {, V( g
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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' D B2 f) V: WOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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( G7 A4 Y& H0 ?% @6 yThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."' ` @) w# v7 ?7 T$ n" E
( ]' ^% _5 U- r5 F% k/ xThe 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.9 W8 n0 \4 g K& l! q' u) {. n
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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.% _5 ^. K! L1 B2 X' P
. a& C/ [, \2 {2 y7 r JFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.$ `5 s4 [9 b4 s9 U6 U
$ E' g/ Z% M% o" P3 JTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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