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7 m8 U3 h; l0 e* v* k6 rLZ is right. Please read carefully.
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9 g$ z' w. M" c+ T- G$ GEdmonton 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.; O8 |, W H# z( L" O9 G( ?& M
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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- P/ S1 L' y; c$ XOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.( G4 z( m2 E( i+ G! i
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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; y2 {5 S) o; Q# c. G, NThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.' }$ ^4 s, l. S( L. V# {
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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! @8 u6 L$ T0 ]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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