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# s9 b/ x) V8 HLZ is right. Please read carefully.# F) u' W" ~# r/ ?7 x
CBC News:2 j$ a( R) t9 N
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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6 R, o1 D, B4 d4 p3 xAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.) l! s, X+ K9 E v; R6 T+ k
5 r, T5 \& K5 a. YOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.) ?5 D0 l4 S& A
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy.", r7 ]9 M6 n N b
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.1 E$ |$ @' e, H
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.& `- i# @, r* z7 ^8 S- D
0 p& @( C5 o& o- A) _; AFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.
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\, W$ X( U- f, d' f0 I4 QTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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