Council to discuss shifting tax share to residential properties

Council to discuss shifting tax share to residential properties yyc yyccc

The matter of the residential/non-residential tax share was pushed forward from November budget decisions to a later date. The matter is now coming before council on Tuesday.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.

A one per cent shift to residential properties would add $48 per year to the average residential home valued at $555,000. A two per cent shift would add $96 to their annual bill.Article content The report says if the province takes less than $782 million in its share of property tax, the city could provide a “one-time inflationary relief rebate” to home-owners, if council decides to shift any of the burden

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