2.3% property tax rate gets final approval
Most homeowners will pay less than last year because of rebate
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.
- Average Calgary homeowner to save $40 on property taxes this year
- Returning $52M surplus could negate Calgary's 2014 tax hike
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.