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+ ^0 h. x! ]0 q) x2 C+ PLZ is right. Please read carefully.' k2 J9 D {# i$ `; O+ P2 ~' i7 ]1 L
CBC News:1 [% W3 f: c) {# }0 P/ Y: m% _1 m
Edmonton 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 $108 from the year before.
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4 L5 ?( V$ B; o% S4 EOf 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."
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2 k: u! f6 z) N* y, O PThe 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.3 a( j; l7 v. ~% `3 }8 H7 B! r
5 d H% z. R6 b/ E {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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6 J ~" y7 }( T5 L: a. _# EFor 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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