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Why do I pay less, but others pay as much as 17% more? I do see that because I'm in a new neighbourhood I now have more neighbours to pay our community's share of the taxes.
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The way it works is that the City of Calgary sets a total taxation number for home property taxes - let's say $10 million, just for argument's sake. Then, they determine your home's market value. Then, they determine the average house's value. They then determine how far or below your house's value is versus average. If it's higher, your taxes go up. If it's lower, your taxes go down. If it's the same, your taxes stay the same (all of these values are actually within ranges).
The city considers this "fair" because it's a revenue neutral system (they don't collect more tax in total just because someone's individual's home value goes up), but it doesn't work on an individual level because there's still movement between the different classes of houses. But since that movement doesn't affect the total tax taken it, the city doesn't really care.
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It just doesn't make a lot of sense.
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No it doesn't, and unfortunately I don't think any of the Aldermen except for Craig Burrows seem to comprehend it.