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" `0 X2 R0 J; B; k. ~LZ is right. Please read carefully.
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/ \* J0 J/ c( z% 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.3 p3 |6 E4 I% P7 o
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before. s) _* Z4 |$ U7 A3 R5 W+ O
9 M, b9 f- i, B: j; L, ]Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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8 J V" S1 E# L% \1 ]2 ]The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy.": c* S6 A% {$ Y/ N1 O6 k, u
1 ^' |3 d( \5 L0 }The 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.% f" _- j. _. n* r- @2 Z; e
* _6 x, l+ L9 |5 nThe 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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