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. F, b" u& x5 T1 k3 yLZ is right. Please read carefully.
8 g5 C m1 o" @& B/ nCBC News:' M5 q0 b# ~! L2 M
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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: C" J6 U7 H1 Q) GAnnual 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. G, ?" q9 Q, u" _, Q
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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."- P! c. w0 ~% l: }( L
& r5 o0 W. \2 kThe 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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1 V2 Z, u# u5 S# J1 R. ?% `The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.4 i; j' r/ }' ] T1 Y0 I
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.$ }; E; s6 a t& b. e! H [: n
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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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