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. x/ }2 O+ r U8 g6 G; N0 fLZ is right. Please read carefully.6 x, z. }! H% d4 s
CBC News:2 d2 F* z* a) X) K8 {9 H5 q
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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5 m/ w& d, W- h; x. |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.5 q3 B- v- x9 F3 i) C' o
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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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: }1 J' \: s0 z( y7 i9 Y8 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.! J5 x; z# I7 K4 N( z6 |" A
9 W( M* A, l9 U% W. GThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.0 o7 ]1 c# j l7 @& j
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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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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