City council has given final approval to this year's property tax rate at 2.3 per cent.

That is a total of both the municipal and the provincial portion of a Calgary homeowner’s tax bill.

It would mean a hike of $59 for the owner of an average Calgary home worth $430,000.

But factoring in a one-time rebate applied to tax bills last November, the average homeowner will end up paying about $40 less tax this year than last.