Calgary homeowners to see another property tax increase after provincial hike

Calgary city council finalized a property tax increase for this year, which shifts a larger share of property-tax cash to the provincial government following last month’s provincial budget. The decision raises costs for Calgary homeowners and alters the municipal-provincial revenue split, potentially weighing on local household discretionary spending.

Analysis

Calgary city council finalized a property tax increase for this year, which shifts a larger share of property-tax cash to the provincial government following last month’s provincial budget. The decision raises costs for Calgary homeowners and alters the municipal-provincial revenue split, potentially weighing on local household discretionary spending.