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: L; p* a2 d; Y8 l1 xLZ is right. Please read carefully.
& O; h4 v2 |, _/ K/ {CBC News:, b" T& L/ Y) h( E* {6 J
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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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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! F4 D0 b8 I) O z% Q- ?: b* qOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.7 q& X( F, ^! g! N$ \* ^: G
# j; g0 I( m7 {/ s2 ZThe values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy."4 \# _4 \6 p: ]( _ c6 a
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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.
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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.- \2 b0 ?. q7 e: |9 p y
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For homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.' Q1 O; e( p) K' K9 o5 \
% c$ U. R7 q' A3 xTax notices will be mailed to all property owners on May 23. The deadline to pay is June 30. |
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