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# q3 S" o$ h1 o. v6 i) ELZ is right. Please read carefully.6 D) J W/ e: A' ~0 n" E* G4 r
CBC News:
4 U" e0 R! s# @6 bEdmonton 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.
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- q1 d1 M! {9 t0 U1 fAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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( @' v T! m" E2 HOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."# e! ^( e$ ? O* n [
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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.+ z4 E# t& l) B1 r! v
& }- M0 X9 \# g, }- M" fThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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# v& L6 o& S* \9 u0 JFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.) a/ o+ R, T6 u: U) N3 x
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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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