Preliminary property tax numbers could see Calgary’s rate jump 15% next year

Calgarians could see 15% property tax hike next year, according to preliminary numbers

City council voted unanimously on Tuesday to release a confidential city document outlining a recommended approach for the next four-year budget cycle, which proposes a 15-per-cent municipal property tax increase next year for a typical residential property.

Preliminary property tax numbers could see Calgary’s rate jump 15% next year

Early property tax estimates for Calgary could result in homeowners seeing their property tax and utility costs jump by more than $600 per year in each of the next four years on the municipal side, according to a city report.