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/ L6 n& p- `0 zLZ is right. Please read carefully.: o& x5 S8 }6 o! X) N; S+ i; y
CBC News:$ X+ S& F# V2 S7 Z" H
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.: w; t% y1 ?6 r- V0 Z6 }
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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 $28) for education tax.! x9 L3 h# k: m$ K
0 Y2 e T. L: P, L* w$ I5 DThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."+ y' V: ]6 a. r+ ~
/ S. |- a5 e% h \: hThe 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 $397,000.5 z* Q4 j( Q& p3 c" O8 u
6 v e$ M3 R" B7 i: W( w3 _1 lFor 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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" N. d5 ^' J: M3 STax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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