Quote:
Originally Posted by 81MC
Is this our de facto Municipal politics thread? I have some questions around business property tax, someone here likely knows the answers to.
https://www.cbc.ca/news/canada/calga...ncil-1.5374158
This article states some things I have a hard time digesting as the whole picture:
One business has seen property tax TRIPLE in 4 years?
Other business - 16K to 63K - a 290% increase? In this instance, I’m very familiar with the building, and would say 16k under any circumstance was WAY under taxed.
Is this an instance of the city offering rebates year over year and they finally ended so they are back to real market values? something seems missing from this information, or I’ve had too much to drink already. |
Someone else will be able to explain this much better, but I believe 2 separate taxes were rolled into 1 (a change that somehow occurred without a ministry of red-tape reduction)...ie. no more business tax, it's all included in property tax.
A lot of businesses and terrible columnists (Corbella) have been loose with facts in complaining about the issue. There may still be reasonable grounds to complain, but it's not the insanity that is being presented.
https://www.calgary.ca/PDA/Assessmen...?redirect=/btc
Quote:
Business tax consolidation (BTC)
In 2011, City Council passed a Notice of Motion for the consolidation of the business and non-residential tax. Moving to a single tax environment enhances Calgary’s economic competitiveness and attractiveness and improves efficiency in the administration of Calgary’s municipal tax system. The consolidation of business tax revenues into the non-residential property tax began in 2014 and concluded as of the 2019 roll. The business tax consolidation process occurred over a 7-year period with 10 percent being transferred to the non-residential property tax rate in 2014 and 2015 and 20 percent being added in 2016, 2017, 2018, and 2019.
The consolidation does not impact your non-residential property assessment, nor will it be reflected on your assessment notice.
Business assessment notices will not be sent out in 2019.
BTC: A revenue neutral process
The consolidated business tax revenues have been subject to a zero per cent business tax rate increase and the consolidation process has been based on an approach that is revenue neutral to The City of Calgary. Revenue neutral means The City will generate no more or no less revenues due to the transfer of business tax revenues to the non-residential property tax.
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Probably more info:
https://www.reddit.com/r/Calgary/com...nd_commercial/