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& I5 c+ X) Y+ JLZ is right. Please read carefully.% F2 v. f# x# H2 I7 i9 d2 m' D
CBC News:
4 M3 [* D' P% b1 Q, X0 _& Q0 hEdmonton 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.$ A! z9 o/ ?" o, f
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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.: t) c- S! v5 G- b* S3 ]
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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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' F" b* E6 U- e# j, ~& E& PThe 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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; {& ~- U2 w' w* 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.
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+ ]4 c, d8 M5 \The 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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Tax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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