Calgary’s Tax Shift Shafts Renters With Property Tax Burden

Calgary’s Tax Shift Shafts Renters With Property Tax Burden

As property tax bills hit mailboxes across Calgary last week, homeowners and landlords got an unpleasant surprise. In what the City calls a “tax shift”, residential properties saw a spike in their property tax bills as the City rebalances the business and residential share of the burden.

Close to a thousand properties housing tens of thousands of Calgarians are being walloped by double digit tax increases. Multi-residential properties downtown and in the Beltline are seeing tax hikes as high as 40% or more. In what realm is this acceptable, especially given the economic downturn and public health emergency?

Residential landlords and property […]