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# Y3 p, ]2 N8 S( gLZ is right. Please read carefully.! {# {& b5 [$ d, G y+ _! B
CBC News:
4 O7 v& \; W: Q+ 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.( Y% x* I; Z% ~4 f
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.# \- A0 f. e$ z: Z
u/ V8 {* h9 y2 }$ yOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax., v: s8 g" h4 Q r* k
: S: G& N1 A [) T! a/ T2 yThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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7 I$ y4 ?4 E+ dThe 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.
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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.% V: G4 t( e# q7 F2 j' ]% w
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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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