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; X+ y: _, U* h! ~& P& J( XLZ is right. Please read carefully.
: N; |1 w1 D6 m# iCBC News:
; K9 a/ b7 q2 J/ C7 S7 VEdmonton 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.3 o, l, l4 X" u( l9 C
& y3 M7 k; V- s; y0 S+ f( r9 Q1 ZAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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+ u) y. G2 k8 I. e! f f5 ]5 A4 HOf 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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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."4 y- ~ [& _( K
7 @ L8 x: Y' {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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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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! S2 B) k2 v3 G, w Q+ V0 a1 W+ s! [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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Y+ p8 n' `# S5 q' h1 I1 j7 ^' L" vTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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