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% }, u$ P4 C3 [5 mLZ is right. Please read carefully./ _, Y8 G k8 d! r9 {
CBC News:
) T, w Y- u q! z) ?5 ^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." d" b9 ]( e& u- p
8 d1 p0 a* c& L1 r5 v. P, nAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.+ k- d* ]( U' A. X+ l
: I/ \$ v* d# p% {Of that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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2 a$ [! Y; {. IThe 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.7 u- s1 O& N- s
, D& |' V& [% H: HThe value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.. H) Z7 x9 a$ H9 b# O
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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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