Council approves Property Tax Hike

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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