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R R" ?/ O8 U) p$ ?" Y3 [5 S, QLZ is right. Please read carefully.
6 L- F2 ]4 X' iCBC News:! {, h' q3 ^, l6 k+ d
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." f @$ N/ X& U% v( h6 A0 x+ m$ m
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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 $28) for education tax.
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: |$ S5 J& d) _* b9 o8 V2 \The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."8 N3 @+ w2 Z# Q6 K' |& }
0 r+ x& b; {9 F7 z$ ~$ L5 TThe 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., ]' S% _: ^" A l& b- ?
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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.( |5 j' l' W" c- [5 c# v3 E- h
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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." _& F8 C5 i% ^1 M8 V
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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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