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larger property tax hikecalgaryherald
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78% Informative
Calgary property taxes to go up for next year's municipal property tax hike.
City assessor and director of assessment and tax Eddie Lee presented the preliminary assessment roll earlier this month .
Last year , Calgary ’s residential property values climbed 10 per cent on average, along with three per cent for commercial property values.
Tax rate ratio still hovering near provincially legislated maximum of five to one.
Homeowners’ property tax amounts are calculated by multiplying their property’s assessed value by the applicable tax rate.
Edmonton 's tax rate ratio is only around 2.96 to one.
Council will receive the full preliminary 2025 budget adjustments from administration on Nov. 5 , before voting on it later in the month .
VR Score
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English
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5