Did a little more digging.
The 12% increase on the provincial portion is based on provisional numbers to be finalized in Aprils budget. It appears that the provincial number is just based on taking the 2024 rate and applying it 2025 assessments.
https://www.calgary.ca/property-owne...ovincialBudget
Quote:
2024 Provincial Budget
12%
The City collects property tax on behalf of the Province, a total of $875.7 million. Although the total provincial requisition was frozen in 2024, The City’s provincial property tax requisition increased $94.1 million or 12 per cent due to growth in assessment value.
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So unclear at this point if the province has raised taxes but if they don’t reduce their rate taxes increase.