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 […]