[The Yen Man]

So according to that article, total property value in Calgary dropped $5B to $301B. Is it too simplistic to say that means total rate dropped 5 / 306 = 1.63%? So if I take 1.016 of last year's mill rate times ~7.5% (expected tax increase) = this year's estimated mill rate? If so, then my property tax is about even since my property dropped 6%.

Guess it's still community dependent, but that's just me trying to roughly estimate what I should be expecting.

Edit: Wait, nevermind. Just re-read the article. The $301B is expected owed property tax, not the value of total property values.