Council approves Property Tax Hike

 

Calgary homeowners will see their property tax bills rise 3.8 per cent for 2018 after council widely passed the increase Thursday.

 

A typical residential property assessed at $480,000 will see a tax increase of $57 in the coming year, according to city figures.

 

The effective property tax hike is the result of a 0.9 per cent hike for 2018, plus a deferred hike of 2.9 per cent from last year.

 

The 2017 tax increase was offset by a rebate offered to all property owners in recognition of difficult economic conditions at the time.

 

City councillors voted 10-3 in favour of the tax increase Thursday.

 

Property tax bills are to be mailed at the end of May.

 

http://calgaryherald.com/news/local-news/council-approves-property-tax-hike

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