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% P- j2 l3 _0 d+ C' iLZ is right. Please read carefully.
% @: o4 Z# Y% C4 u/ @+ L6 sCBC News:' c. U1 R) f n5 e5 T1 ?( V5 s
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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Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.1 B" w2 A1 O' q1 s2 y: z: `
* T- c. P2 r- u. [/ {The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."( ?, _; \$ q& b( M
. W6 s- I$ u1 B/ _5 LThe 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.; ]5 S Q3 z- K/ y
- u3 Q/ j9 k4 `# S8 s, \* q! u% ^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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# m1 O h& E* h" m1 }; ?For 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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