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chemgear · 02-14-2023, 10:05 PM

https://calgaryherald.com/news/local...are-status-quo

Calgary city council voted to maintain the status quo when it comes to the tax share born by residential and non-residential properties, but the mayor is warning the province may step in if the city continues to avoid a difficult tax decision.

Administration had presented council with three options on how to adjust this number, including maintaining that ratio, or shifting either one or two per cent more onto residential properties.

A one per cent shift to residential properties would add $48 per year to the average residential home valued at $555,000. A two per cent shift would add $96 to their annual bill. Those increases would be on top of the $120 annual tax increase for an average homeowner already expected after the budget was voted on in November.

02-14-2023, 10:05 PM	#1198
chemgear Franchise Player Join Date: Feb 2010 Exp:	https://calgaryherald.com/news/local...are-status-quo Calgary city council voted to maintain the status quo when it comes to the tax share born by residential and non-residential properties, but the mayor is warning the province may step in if the city continues to avoid a difficult tax decision. Administration had presented council with three options on how to adjust this number, including maintaining that ratio, or shifting either one or two per cent more onto residential properties. A one per cent shift to residential properties would add $48 per year to the average residential home valued at $555,000. A two per cent shift would add $96 to their annual bill. Those increases would be on top of the $120 annual tax increase for an average homeowner already expected after the budget was voted on in November.