The city has given tentative approval to a plan to help homeowners and business people with their property taxes if they were severely affected by last June's flood.
The property tax relief program is specifically for people who suffered major damage in the flood, were forced out of their home because it needs extensive repair or who have businesses that had to shut down temporarily or permanently.
- Alberta flood relief to get $2.8B from federal government
- $52M tax break creates flood mitigation funding dilemma
If city council approves the scheme later this month, Calgarians will be able to start applying in March.
The city will apply tax credits for the portion of 2013 during which applicants were out of their home or business. It will also forgive the property taxes for 2014 and 2015 if people remain out.
The city hopes to link its plan with a provincial property tax relief plan, but it will enhance the program to provide extra help by giving an additional 30-day credit once people are back into their properties.
Mayor Naheed Nenshi says there are about 2,000 properties in Calgary whose assessed values fell as a result of the flood.
Those homeowners will also likely pay lower property taxes when their bills arrive in May.