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& t e4 _$ M6 V ]1 [" g2 WLZ is right. Please read carefully.
" @7 E+ D; e' n, rCBC News:
/ D. Y4 m: s0 A2 C$ s; pEdmonton 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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! G1 e" _( @) v) c( ]- M) R dAnnual property taxes for a typical house valued at $397,000 will total $3,378, up $108 from the year before.
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+ h1 y" c _) r4 j4 H/ s2 lOf that amount, $2,385 will go to the city (an increase of $80) and $993 to the province (an increase of $28) for education tax. b2 A7 b/ }/ `/ i% Z6 T
- A& t7 u' n9 U- J; ?: p$ QThe 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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5 _' V2 U. Y( J) LThe 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 [! ?; P4 Q( `7 P/ 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 2016.1 @' U. Y( H; f- k
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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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