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CBC News:- [: V" z( ^& V 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.' s f; |" o& l" a
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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 $28) for education tax.
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7 b& l* P1 R. K3 X$ \! bThe 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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, [2 }0 ~ v6 LThe 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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$ I; ?. W+ C8 |2 `+ o) KThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.( C: O6 _# q8 R7 _4 b
+ v$ i: N! g% D8 f5 @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., g0 Q% Z" o1 j* M9 p; y* Y9 o- j
: s( f. ?. z" N# t* KTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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