Assessment & Tax Bill
Property assessment is a distribution mechanism for property tax. Your property tax bill is determined by the budgetary needs of The City and The Province multiplied by the portion allocated to you. Your portion is determined by the value of the property you own in Calgary, which is your property assessment each year.
Learn more about how we deliver City services and determine your property tax bill.
How does a change in my property's value impact my tax bill?
While the real estate market can go up or down, a change in your property’s assessed value doesn’t mean your tax bill will do the same.
Your property’s year-to-year value change compared to the typical value change for all residential (or non-residential) properties determines how your property tax bill might be impacted.
2023 typical value changes:
- 12 per cent residential properties
- 2 per cent non-residential properties
For example, the typical value change for residential properties in 2023 is 12 per cent.
If your residential property’s approximate year-to-year per cent change in assessment is:
LESS THAN the typical per cent change (+12%): The portion of property taxes owed will decrease.
In 2022, Arham’s home was assessed at $485,000. This year, his home was assessed at $500,000 meaning it increased by approximately $15,000 or +3% (but less than the typical value change of +12%).
| 2022 residential property assessment | 2023 residential property assessment |
|---|---|
|
$485,000 |
$500,000 |
|
Difference |
$15,000 or +3% |
Since the change in the market value of Arham’s home (+3%) was less than the typical value change of +12%, his portion of the property taxes owed will decrease in 2023.
Typical value change in the residential market is only one factor that impacts Arham’s property tax bill. Any increases or decreases in the budgetary needs of The City or Province will still impact his total property tax bill.
THE SAME as the typical per cent change (+12%): The portion of property taxes owed will stay about the same.
Last year, Suki’s home was assessed at $485,000. This year, her home was assessed at $555,000 meaning it increased by approximately $70,000 or +12% (equal to the typical value change of +12%).
| 2022 residential property assessment | 2023 residential property assessment |
|---|---|
|
$485,000 |
$543,000 |
|
Difference |
$58,000 or +12% |
Since Suki’s home assessment value increased by +12%, the same as the typical value change for residential properties in 2022, the portion of property tax allocated to her will remain the same.
Typical value change in the residential market is only one factor that impacts Suki’s property tax bill. Any increases or decreases in the budgetary needs of The City or Province will still impact his total property tax bill.
MORE THAN the typical per cent change (+12%): The portion of property taxes owed will increase.
Gerry decided to make several home improvements to his property last summer including building a garage. He wasn’t surprised this year when he received his assessment because it had increased to $600,000.
| 2022 residential property assessment | 2023 residential property assessment |
|---|---|
|
$485,000 |
$601,000 |
|
Difference |
$116,000 or +24% |
Since Gerry’s property assessment increased by 24%, compared to the typical value change of +12%, the portion of tax allocated to his property will increase.
Typical value change in the residential market is only one factor that impacts Gerry’s tax bill. Any increases or decreases in the budgetary needs of The City or Province will still impact his total property tax bill.
Get an estimate of your property tax bill
Use our property calculator to estimate what your property tax bill is before it is mailed in late May. The calculator is updated each January and provides a breakdown of all the factors that go into the amount you’ll see on your next tax bill.
Visit calgary.ca/propertytax for further information about how and where to pay your property tax bill or calgary.ca/TIPP to join our monthly Tax Instalment Payment Plan (TIPP).
