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7 v% W# e2 o" ?% n3 CLZ is right. Please read carefully.4 L. T% H3 [) S$ T7 P3 K$ N. ?& |; g
CBC News:4 C& ~; }, k& f/ C) h; H
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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before. x' X4 q) O Q7 c' {9 W
& J0 v4 q: K2 O# @9 G0 P4 I2 _5 POf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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* I+ z8 u. V% L" E4 G, W5 WThe city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.$ j# I3 l1 S& j, T. z. B
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.7 z& O5 p+ P. ]% E4 u* y2 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.
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5 f& P0 H5 Y% u" U/ ~( lTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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