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; m' ?2 `* {! G; c) yLZ is right. Please read carefully.+ Z" G& Y' T; R1 q" V, ~% _6 B8 C
CBC News:
; O+ l# n3 J5 U8 C. u. rEdmonton 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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* F) @/ Q5 C9 g% ]8 ` m- N3 J; WAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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+ [, \1 q3 t1 W& c1 t! W2 lOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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! v) J( E6 H, O+ f$ v2 n! 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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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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! Y8 m& f* W; \4 x7 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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v& B0 ?7 v7 \ Z( zFor homeowners who pay taxes in monthly instalments, the bill for the typical single-family house will be $281, up $9 a month from 2016.* v. F# Z- D, Y+ n7 f7 F, g3 ^
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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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