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- ^% l! Q# _1 ]LZ is right. Please read carefully.
* o7 v+ D+ Y! bCBC News:
, b2 \9 o$ E0 G5 i* ]2 YEdmonton 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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& ?' j" v$ \0 s7 W# FAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.1 T1 Q8 C4 y( a/ |7 E/ l7 I% ?
1 Y2 @6 A9 ?* hOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.$ s7 g4 Q+ B( U- o4 L
3 X1 o3 u$ s I: QThe 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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/ M7 \; C- m( t0 a% J! j. X/ CThe 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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# s: i+ E" e9 h% A O9 zThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.
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4 l! H' w3 H# T. [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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3 y* m; Z: s. B7 L9 K2 ^. F& XTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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