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$ L$ k# c# \: D* l* E1 _LZ is right. Please read carefully.6 l5 V- D' P. f" G t
CBC News:+ _& Y: u$ P" O7 J& `. ~" 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.- c; d! l' T: j; o+ c) u$ W
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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 $28) for education tax.4 T! G8 G: c$ U" V' u
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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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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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. E8 p2 C- C! [! U" kThe 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 2016.8 o. T/ p/ e% C
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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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