Property Tax bills were sent out recently for the
470,000 residential and non-residential properties in the City of Calgary. This
year a number of residents are experiencing larger increases in their tax
payments compared to last year. There are a few reasons your tax bill might be
increasing more than you may have anticipated:
1. In 2014, Council
gave a one-time rebate of $52 million which was spread across all residential
properties in Calgary, thus providing a slight reduction in one’s 2014 tax
bill. Since this was a one-time event that credit is not applied in 2015, tax bills have increased by this amount.
2. There is also the
combined municipal and provincial property rate increase. This is 4.2% for
residential properties and 5.4% for non-residential properties, of the total
amount collected 62% goes to the City and 38% goes to the Province.
3. The change in
assessed value of one’s residential property compared to last year will also
affect the share of taxes that a single residential property contributes to the
Property taxes are due on Tuesday, June 30, with late
payment penalties taking effect after that date. This does not apply if you pay
monthly through the City’s Tax Instalment Payment Plan, which you can apply for
at any time by visiting calgary.ca/TIPP
or calling 311.
There are a few programs available to help eligible
low-income homeowners with their property tax bills.
The Alberta Seniors Property Tax Deferral Program allows eligible senior homeowners to defer all or part of their
property taxes through a low-interest home equity loan with the Alberta