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.
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