Community Revitalization Levy (CRL)
Enabled by provincial legislation, the Rivers District is an area designated by The City of Calgary for improvement and properties within the Rivers are subject to the Community Revitalization Levy (CRL). Beginning in 2008, the CRL allows The City of Calgary to segregate a portion of the property tax revenue generated from the Rivers District properties for a period of 20 years and directly invest these revenues in infrastructure improvements within this area.
Property tax bills for properties within the Rivers District are slightly different from other Calgary property tax bills as they show the total assessed value for the property separated into "Baseline Assessment" and "Incremental Assessment" values.
The Baseline Assessment is the assessed value of your property as of 2007 December 31. This value will remain unchanged and is subject to the common annual municipal and provincial property tax rates. These revenues will continue to flow to The City of Calgary and the Province of Alberta each year.
The Incremental Assessment represents any increase in the assessed value of your property above the Baseline Assessment set on 2007 December 31 resulting from normal market value assessment changes. The Incremental Assessment is subject to the Community Revitalization Levy rate and these revenues will fund the infrastructure improvements within the Rivers District.
The CRL does not increase your taxes; it only diverts a portion of your taxes to finance the Rivers District development projects.
Calculating the Community Revitalization Levy Rate
The formula used to determine the CRL rate:
|Community Revitalization Levy (CRL) Rate =
||Municipal Tax Rate + Provincial Tax Rate|
Calculating a Rivers District tax bill
The formula used to calculate the Rivers District tax bill:
Property Tax Bill =
Baseline Assessment x Municipal Tax Rate
Baseline Assessment x Provincial Tax Rate*
Incremental Assessment x Community Revitalization Levy (CRL) Rate
The bottom line is:
- The total assessed value has not been affected by the CRL.
- The total property taxes levied on your property have not been impacted by the creation of the Rivers District.
- Only the distribution of property taxes has changed.
- The tax collected from the CRL funds improvements in the Rivers District.
- Property Tax brochure for The Rivers District
CRL and the Calgary Municipal Land Corporation (CMLC)
Calgary Municipal Land Corporation (CMLC) is a wholly owned subsidiary of the City of Calgary responsible for the implementation and execution of the Rivers District Community Revitalization Plan, which includes the East Village. CMLC is funded through the Community Revitalization Levy (CRL). The CRL provides the means to segregate increased property tax revenues resulting from the redevelopment in the Rivers District into a fund used to pay for the new infrastructure.
If you have any questions or concerns regarding the CRL, please contact Calgary Municipal Land Corporation at 403-718-0300, or visit their Calgary Municipal Land Corporation.