Typical Calgary homeowner to pay 8.9% property tax hike after province takes bigger share – Calgary [Video]

Calgarians will be paying more than originally expected on their property tax bills this year, largely due to the province requesting more in property taxes from Calgary homeowners this year.

Calgary city council finalized the property tax increase Tuesday, which includes how much the city has to pay to the province as part of its education property tax requisition.

The overall property tax increase for residential properties is now 8.9 per cent, which includes both the municipal and provincial portions.

For the typical single family homeowner with a median assessment of $697,000, the changes result in an increase of $29.25 per month, or nearly $350 yearly.

The changes will also mean an increase of 15.96 per cent for condo owners, which is an extra $25.50 per month, or an additional $306 more per year, for the typical residential condo assessed at $359,000.

During November’s budget deliberations, the city estimated the …