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Tackling the tax shift together

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Tackling the tax shift

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Calgary’s Fast Financial Facts

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Working to reduce small business burden since 2015

Since 2015 the steep and rapid decline in the market value of a small number of high valued downtown properties resulted in a redistribution of property taxes ($250 million from 2015-2018) to other non-residential properties, causing untenable property tax increases for some property owners. ​


The tax shift in downtown offices 

Office towers in the core provided 32 per cent of the total non-residential property tax revenue in 2015. Today, it provides only 18 per cent.​

Businesses are vital in job creation and in creating vibrancy in our communities.

City Council has provided a total of $216 million in tax relief programs to businesses in 2017, 2018, and 2019 to mitigate the impact of extraordinary increases to eligible non- residential properties through Municipal Non- Residential Phased Tax Programs (PTP).

These tax relief programs effectively cap non-residential property taxes for one-year but when the tax-cap is lifted the following year, PTP recipients see the property tax increase from the previous year and the current year reflected at once on their property tax bill.

Longer-term property tax solutions are being considered, including continuing to shift some tax responsibility from non-residential to residential properties.​​​