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. z( L* x1 d- j( uLZ is right. Please read carefully.
; t2 X. Q& V* Z6 Q' |, n. X# ?( `CBC News:# I# G4 \3 D( h/ q5 P( Q
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.$ R9 n0 r3 h J" S$ g) K
9 H4 r" G7 ^7 l# K/ wAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.3 B& W5 T" S% d4 P( w8 R
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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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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."# ]0 \4 p7 X" z/ i% k7 N0 A# X
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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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! A% M* F. B" |- o: P3 w- TThe 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 2016.6 N n0 @% b2 I7 `# m+ M, I
8 h* l2 u: C& O1 XTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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