Quote:
Originally Posted by GGG
Here’s a good link
https://www.calgary.ca/cfod/finance/...lculation.aspx
It’s two completely separate taxes collected together. The city sets their rate, the province sets their rate.
So this years taxes relative to last years taxes would be
2020 tax = City portion * 1.075 * change in assessment + Provincial portion * change in assessment * tax increase from the province
From what I can tell the province is collecting 15 million more from property tax in Calgary. Not sure what that is in %. The province portion is about 35% of the total and the city 65% of the total. So if you had to guess your total tax bill with neutral assessment Is probably going up 5-6% |
I knew how that worked, but I guess for me the confusion is about the provincial portion. Wasn't the city dealing with an issue in the last year because the province decides to take more of a percentage of the property tax? I thought that there was a budget shortfall thrust upon the city because of that?