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Q$ j& i7 X+ tLZ is right. Please read carefully.2 s' d5 |; K1 E2 _, `% M: t
CBC News:/ X ^# b" w# c2 Y; W1 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.% W5 d; [% ?, A* N' y3 O4 ~5 G4 U, ?
7 S. D# p( s" kAnnual 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 m3 j" ~ Y. V# U
8 @+ \( S: k; A9 P* x5 ~0 mThe 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.
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: R9 ?& N9 X4 W7 k* G+ _The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.1 ~7 @/ @) @8 u6 L. t t& X+ Q4 k
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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 2016.7 i& M& y* [4 p
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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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