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/ U5 n: t- d" x' _- |LZ is right. Please read carefully.
K: _4 l% F; u8 Z+ h) M5 O/ SCBC News:
& D0 H" D3 t5 A: W) o: W: eEdmonton 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.# W3 M! j% G" C2 c) Q
/ P* w. f! \) O! W% G- x9 `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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4 V1 t: |" ~# |, POf 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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+ T i5 Y6 |# v9 ^& U- 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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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.; q- t9 G4 G7 J# \; S
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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. H' f+ c& a: s/ K! t% ]' K7 g3 F
, c- j+ r( x& B# OTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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