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; e$ u& j8 J- W) Y2 M x: M1 s3 SLZ is right. Please read carefully.$ T6 P/ v. e: \& B! f
CBC News:9 i/ y/ L) u# ], D; l1 Q. W
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.1 d8 U' q) E- g6 K: x, @8 p/ }
% N! [2 e, x4 i' o! g( I; NAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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. e* }8 u6 V6 W7 A% x! U4 ]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."
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k5 `; D5 h+ U5 I# H9 V# yThe 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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3 K8 T# h O8 aThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000." O# P5 V* i) T& H
5 h+ B& \6 D A3 w0 i; b [& ZFor 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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1 ^2 i+ Z1 s& P, K8 bTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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