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! l( O( j& j' V: g# i- CLZ is right. Please read carefully.
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& [1 l3 W/ Y: a3 }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., y" N }1 q( m
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.5 n7 T( }; B0 d8 Q
- Z$ m; A6 z: X+ _% ?% ROf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."9 `# h* {* y g1 W1 ?
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The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.
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4 Y2 t( o$ a( L7 VThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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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.
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, @3 B' Y9 r& m- R% U1 YTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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