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* x' i3 c7 _7 H6 K" K; O5 h; zLZ is right. Please read carefully.
) }5 W9 Q, X& ?- E, ICBC News:
: O+ V D% L5 J- @. bEdmonton 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.; M* l0 V2 j. ], Q/ ?( `3 ~
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Annual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.# c# p- Y7 T2 z n$ q: h! @
- B* y- q9 F' UOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax.
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The values of most properties in Edmonton are down this year due to what the city calls "a reflection of a slowing economy." d0 U9 @$ r3 S: G
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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 $397,000.& Z! T, D( Z' Y) C# T# T ?/ w
% s: g- \6 P# ]# v$ ^2 ~ |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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