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9 B% G) c& k; H1 T4 I, ]LZ is right. Please read carefully.2 w& G) e7 S: [4 I
CBC News:
4 T4 d+ l# h7 v' ^2 N, X8 C9 W( q% oEdmonton 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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6 Y7 s- g# E Y6 _2 F8 tAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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6 W8 ?- r8 D, J5 C- |0 G, b3 {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.
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& k7 S5 Y4 j. p+ y# VThe 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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4 w& |7 r# {3 [/ }/ z |# O. i4 mThe 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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6 g; @. V1 @1 Z/ B( W: V+ {/ xThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.' S! Q; a6 ]* ]# |
3 ~# W9 G/ M7 v0 ]6 Y" ~* S; uFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.& \7 z) H% b+ f7 v1 _' ~
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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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