A growing population, inflationary pressures and increased spending are all factors driving up Calgary’s budget and its tax rate, the city said.
At a briefing on Tuesday, city administration recommended an overall property tax increase of 3.6 per cent for 2025.
Calgary councillors are hearing proposed mid-cycle adjustments to the city’s four-year budget cycle on Tuesday morning.
If approved, property taxes for a single family home will increase by 3.9 per cent next year compared to 2024. The rate for a condominium would rise by 10.5 per cent, while multi-residential and high-rise properties would jump 5.3 per cent.
The city is also upping monthly utility fees by 3.7 per cent for a typical single residential property.
All told, the average single-family home with a median price of $700,000 will pay about $161.52 more in 2025 …