Property taxes are going up in Calgary, but the city says it has limited the increase – Calgary

Calgarians won't have to deal with another property tax increase next year after the city announced Tuesday that it has found ways to keep the cap at a 3.6 percent increase.

In a press release announcement next year budget adjustmentsAccording to the city, the increase means that the owner of a typical single residential home, assessed at a value of $700,000, that uses an average amount of water (90 bathtubs full) will pay an additional $8.37 in property taxes and $5.09 more in water , waste and waste. recycling costs per month.

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In September, city officials proposed a 4.5 percent increase, putting them at odds with council members who wanted to stick with a 3.6 percent increase.

The city's acting chief financial officer, Les Tochor, says the government has been able to identify additional investment income to limit the tax increase to a lower amount.

But the city says the changes made will also allow it to invest more in the four priority areas Calgarians identified — infrastructure, housing, public safety and public transportation — because “Calgarians have made it clear what matters most to them .”

More information about the budget adjustments for 2025 can be found here available on the city's website.

More to come…

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