The City of Calgary's revenue neutral policy ensures that:
- Tax revenues do not change automatically with assessment changes due to market fluctuations.
- Any tax change brought forward by The City is communicated through the budgetary process.
With each year's assessment roll, a revenue neutral tax rate is established based on the application of these principles.
An increase or decrease in your property assessment does not necessarily mean your taxes will automatically go up or down by the same amount. The assessment process determines the assessment values for all properties, which in-turn determines the distribution of municipal taxes.
How it works:
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.
2015 typical assessment changes for property and business:
The typical residential property assessment change is approximately 10 per cent between 2014 and 2015.
The typical non-residential property assessment change is approximately seven per cent between 2014 and 2015.
The typical business assessment change is approximately six per cent between 2014 and 2015.
After The City receives the provincial property tax requisition and Council passes the property tax bylaw, the property tax bills, reflecting actual taxes owing, will be mailed each May.
2015 Property Tax Calculator
The following calculator estimates your revenue neutral taxes before Council approves the budget; and your actual taxes once the budget and tax rate is approved. Before the tax rate is approved, you can:
- Review how your share of tax has been re-distributed as a result of the 2015 reassessment (revenue neutral tax).
- Estimate the impact your 2015 assessed value will have on your 2015 property tax calculation.
- When purchasing a new property, the revenue neutral tax calculator provides the 2015 revenue neutral tax calculation.
For annexed properties or properties with split assessment classes, please contact Assessment at 403-268-2888.