Council approves tax hikes for 2022

City council finalized property tax hikes for 2022 at its meeting Wednesday. The amount paid depends on a variety of factors, but Councillor Gian-Carlo Carra told CTV it will average around 3.4 per cent for residential taxpayers. That works out to around $170 for the average single family home. The average Calgary condo owner can expect to pay around $60 a year more. Business taxes will vary greatly, with some paying less, but overall, will increase by around 2.83 per cent.