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! O- I3 w1 \9 m- T/ d# CLZ is right. Please read carefully.
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( |, g; N! n0 P$ F/ N/ kEdmonton 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.& a9 O# m) u9 a
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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.
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# U5 [' M3 O' EThe 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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" {" ]! A) |8 F/ ZThe 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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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.0 H% g) p) Z/ @8 g! b6 T
0 X! R6 F. R0 S( Q* Y( s% A; NTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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