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% i4 a9 b6 o {) b' vLZ is right. Please read carefully.
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Y* w' N+ ^5 c1 VEdmonton 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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.+ u7 V) J# M" |3 g4 ~9 |
( B P* Q" e: F( Y4 B% POf 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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/ T/ G& _+ e6 [- ~/ `1 HThe 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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' m4 B# }9 ]' _9 y# U7 e7 I# d' ]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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+ T) a2 f4 P' q" j% jThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000. u& f$ y! j# p; B+ @& p
) B1 T+ o7 S7 L2 B4 M. d7 TFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.2 t) p4 b0 w4 ]# x/ H
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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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