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! S# u- r7 l3 ]" t- E( hLZ is right. Please read carefully.2 g( |; K8 T+ P% s' h
CBC News:
* \1 W! Q4 ^$ @/ S; B1 e% _9 xEdmonton 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.8 {, M" z& Y7 ]/ b! U
4 j# X: x+ r+ W8 `9 NAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.5 K: |. S. X f
( a5 n, p7 n, q* q- b- s" GOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.& ]4 X* Z- Y8 R. p2 O# z3 g# h% N+ F
( N- I/ E1 y! X4 G0 U- QThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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+ Y4 v/ ^/ M0 g' i( \; U J$ SThe 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.2 U& Q9 Y% v3 u' {$ |
$ y# o) G9 B, s# f1 X/ A/ dThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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/ F" f# c& ]7 \5 U$ e; @# MFor 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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" {3 ^: @5 J9 j" \& wTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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