Determining your portion
The combination of the 2020 municipal and provincial tax changes resulted in:
- An increase to residential property tax rate of 7.5%
- A decrease in non-residential property tax rate (local Calgary business) of 12.07%
However, the assessment year-to-year change in the value of your home will determine if the change in your property tax amount is less, equal to or more than the 7.5%.
In 2020, the typical market change for residential properties is -4% and non-residential properties was 2%. If the value of your residential property has a change in assessment between 2019 and 2020 of:
- Less than the typical per cent change of -4%: The portion of taxes owed will be less than the 7.5% increase.
- The same as the typical per cent change of -4%: The portion of taxes owed will be approximately the same as the 7.5% increase.
- More than the typical per cent change of -4%: The portion of taxes owed will be more than the 7.5% increase.
Learn more about how your home’s assessment might change your share of taxes.
Tax Instalment Payment Program (TIPP) participants
It’s important that when you determine your property tax change you’re not looking at the change in your monthly TIPP instalment.
If you participate in the Tax Instalment Payment Program (TIPP) you may have seen a change in your July 1 monthly instalment amount. The change in your TIPP instalment in July is not equal to the change in your property tax.
Any increased tax responsibility is spread over the last six months of this year. Using your instalment to calculate your yearly change can make your tax increase appear much higher than it is. The best way to determine your yearly tax change is to compare your current and last year’s tax bill.
Learn more about July - December TIPP instalment payments.