Calgary, being one of the largest cities in Alberta, Canada, has a complex property tax system that affects both residential and commercial property owners. The City of Calgary collects property taxes to fund various municipal services such as roads, public transportation, police and fire services, parks, and community facilities. Understanding how property taxes work in Calgary is essential for property owners to manage their expenses and make informed decisions about their investments.
How Property Taxes are Calculated in Calgary
In Calgary, property taxes are calculated based on the assessed value of a property and the tax rate set by the city. The assessed value is determined by the City of Calgary’s Assessment Department, which evaluates the market value of properties annually. The tax rate, on the other hand, is set by the City Council and is typically expressed as a percentage of the assessed value. For example, if the assessed value of a property is 500,000 and the tax rate is 0.8%, the property tax would be 4,000 per year.
Types of Property Taxes in Calgary
There are two main types of property taxes in Calgary: residential and non-residential. Residential property taxes apply to properties used as primary residences, while non-residential property taxes apply to commercial and industrial properties. The tax rates for these two categories differ, with non-residential properties typically having higher tax rates. Additionally, there are also special taxes and levies that may be applied to specific properties, such as the Community Revitalization Levy or the Business Improvement Area Levy.
| Property Type | Tax Rate (2022) |
|---|---|
| Residential | 0.76% |
| Non-Residential | 3.92% |
Property Tax Exemptions and Rebates in Calgary
Certain properties in Calgary may be eligible for tax exemptions or rebates. For example, properties used for charitable or non-profit purposes may be exempt from paying property taxes. Additionally, the City of Calgary offers a seniors’ property tax rebate program, which provides a rebate of up to $500 per year to eligible senior homeowners. Property owners should review the City’s tax exemption and rebate policies to determine if they qualify for any of these programs.
Appealing Property Tax Assessments in Calgary
If a property owner disagrees with their property tax assessment, they can appeal to the City of Calgary’s Assessment Review Board. The appeal process typically involves submitting a written notice of appeal and providing evidence to support the claim. Property owners should ensure they understand the appeal process and deadlines to avoid missing the opportunity to dispute their assessment.
- Review the property tax assessment notice carefully
- Gather evidence to support the appeal, such as recent sales data or appraisals
- Submit the written notice of appeal within the designated deadline
What is the deadline for paying property taxes in Calgary?
+The deadline for paying property taxes in Calgary is June 30th of each year. Late payments may incur penalties and interest.
Can I pay my property taxes online in Calgary?
+Yes, property owners in Calgary can pay their property taxes online through the City's website using a credit card or online banking. Other payment options, such as mail or in-person payments, are also available.
In conclusion, property taxes in Calgary are an essential aspect of owning property in the city. Understanding how property taxes are calculated, the different types of property taxes, and the available exemptions and rebates can help property owners manage their expenses and make informed decisions about their investments. By staying informed and seeking professional advice when needed, property owners in Calgary can navigate the complex property tax system with confidence.
