Calgary's city council decided to give Shepard residents a break on their property taxes this year during a meeting Tuesday.
Proposed adjustments to Calgary's 2024 budget were publicly released Tuesday — and if all of those changes are accepted by council, homeowners could face a 7.8 per cent property tax increase next year.Proposed adjustments to Calgary's 2024 budget were publicly released Tuesday — and if all of those changes are accepted by council, homeowners could face a 7.8 per cent property tax increase next year.
The city's chief administrative officer, David Duckworth, said administration and council have worked hard to minimize property tax and user fee increases in recent years.The city's chief administrative officer, David Duckworth, speaks to reporters in Calgary on Tuesday. "We have heard from them that they need help. They need help to remain competitive to ensure that we have a thriving business economy here in Calgary," Duckworth said.
Doing so would add two full percentage points to next year's property tax increase for residential property owners, giving them a 7.8 per cent tax hike while dropping the non-residential accounts by two percentage points. That would result in a 3.5 per cent tax hike for 2024 for those property owners.Calgary Mayor Jyoti Gondek has said many Calgarians also own small businesses — and they need help.
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