Council approves 3.45 per cent 2019 residential property tax hike

Calgary homeowners can expect to pay more in taxes to the city this year after council approved a tax plan that will see the average homeowner pay $105 more in 2019 than they did in 2018. The tax hike was implemented to offset a $250 million hole in the city’s budget that was created by reduced property values, the result of office vacancies. “There are a lot of people that are worried that we’re going to increase the burden on homeowners,” said Ward 3 councillor Jyoti Go