Assessment annually prepares, communicates and defends property assessments for the purpose of taxation. Through the annual reassessment process, taxation responsibility is re-distributed among properties, based on the extent to which values change relative to one another within the city.
Revenue neutral is a policy that means whether year to year assessments increase or decrease, due to changes in market values, no new taxes will be collected as a result of the reassessment.
The intent of The City of Calgary's revenue neutral policy is to ensure that:
Another benefit of the revenue neutral tax policy and tax rate is to explain how an individual's property taxes have changed due to that property's year-to-year change in assessment.
Each property's change in taxes, using the revenue neutral tax rate, occurs because the process of assessing properties each year results in taxes being re-distributed among properties. Compared, approximately, to the city-wide typical per cent change, if a property's year-to-year per cent change in assessment is:
- Less – That property's revenue neutral taxes will decrease.
- The same – That property's revenue neutral taxes will stay about the same.
- More – That property's revenue neutral taxes will increase.
2013 typical assessment changes for property and business
As a result of the 2013 Assessment, the typical residential property assessment change is 3% between 2012 and 2013.
As a result of the 2013 Assessment, the typical non-residential property assessment change is 20% between 2012 and 2013.
As a result of the 2013 Assessment, the typical business assessment change is 7% between 2012 and 2013.
2013 Property Tax Calculator
Three ways to use:
- To review how your share of tax has been re-distributed as a result of the 2013 reassessment (Revenue Neutral Tax).
- To estimate the impact your 2013 assessed value will have on your 2013 property tax calculation.
- When purchasing a new property, the revenue neutral tax calculator provides the 2013 revenue neutral tax calculation.
For annexed properties or properties with split assessment classes, please contact Assessment at 403-268-2888.
In the boxes below, enter your 2012 Assessment value and 2013 Assessment value (this information is provided on the front of your 2013 Assessment Notice). Click on the calculate button to view your estimated 2013 Property Tax amount based on the proposed 2013 Tax Rate change (subject to change).