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& y* v1 W: j; N$ [' PLZ is right. Please read carefully.
D a- O5 e+ E- yCBC News:/ v' A; H+ i* }6 [
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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9 [/ V6 T# F$ K9 NAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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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 $28) for education tax.
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( {. u2 g2 c/ v. I- i6 wThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."
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! s. B& a" F, _The city uses a "market-value" method to determine assessments. Most property types saw decreases in assessed values as of July 1, 2016, the date they were recorded, the city said.# x7 m! w5 i3 }$ C, o j
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The value of a typical single-family detached home dropped by 2.7 per cent, from $408,000 to $397,000.% ~! e8 L8 E$ a* _
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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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4 o' R. T! L1 h6 F- X3 b5 A, lTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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