Understanding Property Taxes in Calgary: What Every Homeowner Should Know

Property taxes are a fact of life for every Calgary homeowner, but understanding how they work can help you budget smarter and avoid surprises. Here’s a friendly guide to what you need to know:

How Are Property Taxes Calculated?

Calgary property taxes are based on your home’s assessed value and the city’s annual tax rate. The city assesses property values every year, so your tax bill can change even if the rate stays the same.

Where Do Your Taxes Go?

Your property taxes help fund essential services like schools, roads, parks, police, and fire departments. Think of it as your contribution to keeping Calgary vibrant and safe!

Tips for Homeowners

• Check your assessment: Review your property assessment notice each year. If you think it’s too high, you can file an appeal with the city.
• Budget accordingly: Property taxes are usually due in June, but you can pay monthly to spread out the cost.
• Look for tax relief: Seniors, low-income homeowners, and others may qualify for tax assistance programs. Don’t hesitate to ask about your options.

Property taxes might not be the most exciting part of homeownership, but a little knowledge goes a long way. If you have questions or need help navigating Calgary’s property tax system, I’m always here to help!