Tax rate calculation
Each year City Council approves the amount of expenditure needed to support City services. To get the amount of revenues required from property taxes, The City takes the overall expenditure and subtracts all other sources of revenue such as business taxes, licence fees, user fees and provincial grants. The balance is the amount to be raised through municipal property taxes.
In order to calculate taxes, a tax rate is established. The tax rate reflects the amount of taxes to be paid for every $1 of assessed value.
|Municipal tax rate =
||Total revenue required by The City of Calgary |
from property tax
Tax bill calculation
Your property taxes are calculated by multiplying the assessed value of your property by the tax rates:
|Property tax bill =
Assessment x Municipal tax rate
Assessment x Provincial tax rate*
Your annual property tax bill covers the period of January 1 to December 31.
Tax calculation shown on your Assessment Notice
Your Assessment Notice reflects the market value of your property as assessed by The City of Calgary.
It also provides you with a calculation of your estimated current year's taxes based on the current year's assessment. This estimate is provided to illustrate whether your taxes may increase or decrease as a result of the reassessment. The estimated tax amount does not include any budgetary increases that may be applicable for the current year.
Your tax bill, showing the actual amount payable, is mailed in May after municipal and provincial requirements are determined and Council sets the property tax rate
Current property tax rates
Historical property tax rates
For assessment inquiries, contact the Assessment business unit.
For property tax inquiries, contact Property Tax.