Calgary Property Tax Calculator 2023
As per reports, the city of Calgary will see property taxes increase at an average annual rate of 3.7% over the four-year budget term of 2023-2026. As per the budget passed in November 2022, the average single-family home will see its property tax increase by 5.2% in 2023.
According to mayor Jyoti Gondek, the average home prices went up 14% over the past year, and the city managed to ensure that the property tax did not increase at the same rate by adjusting the tax rate.
The City of Calgary is located at the junction of Bow River and Elbow River and is home to over 1.3 million residents. The population of Calgary increased by 5.5% from 2016 to 2021. Based on a report by the Calgary Real Estate Board (CREB), monthly real estate prices in Calgary increased by 7.9% from August 2022 to August 2023, and the benchmark price of a house in Calgary in August 2023 was $570K. The largest proportion of homes sold on the real estate market in Calgary is detached houses, followed by apartments, townhouses, and semi-detached houses, respectively. The benchmark price of a detached home in Calgary in August 2023 was $697K. Calgary’s property tax rates are the third lowest in Alberta for urban municipalities with over 10K population.
Calgary property tax is based on the assessed value of your home. Every year, Calgary assess properties based on guidelines set by the Alberta Assessment and Property Tax Policy Unit and the Ministry of Municipal Affairs
You can calculate your property tax using either your home's assessed value or your home's most recent market price. Just enter the price and type of your property, and we will give you an instant property tax estimate.
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2023 Tax rates for Cities Near Calgary
| City | Final Tax Rate |
|---|---|
| Chestermere | 0.599146 % |
| Airdrie | 0.669777 % |
| Brooks | 1.111852 % |
| Lacombe | 1.144610 % |
Calgary Property Taxes
Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
There are two main parts to a property tax:
- A municipal tax that depends on the municipality of the property
- An education tax that may change from municipality to municipality
Some cities may add additional taxes.
Property tax rates also depend on the type of property. Common major categories are Residential, Multi-Residential, Commercial, Industrial and Farmland. Almost all homes will apply under Residential property tax rates.
| Residential Property Tax Rate for Calgary from 2018 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | 0.433190% | 0.223990% | 0.657180% |
| 2022 | 0.469500% | 0.245480% | 0.714980% |
| 2021 | 0.482500% | 0.258180% | 0.740680% |
| 2020 | 0.477950% | 0.274280% | 0.752230% |
| 2019 | 0.421080% | 0.244320% | 0.665400% |
| 2018 | 0.390140% | 0.245590% | 0.635730% |
Calgary Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Calgary's property tax department through the following methods:
| Phone number | 403-268-2489 |
|---|---|
| Contact Form | Calgary Property Tax Department Information |
Calgary Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Calgary's property tax department through the following methods:
| Phone number |
|---|
| 403-268-2489 |
| Contact Form |
| Calgary Property Tax Department Information |
| Calgary at a Glance | |
|---|---|
| Province | Alberta |
| Settled Year | 1875 |
| Established Year | 1884 |
| Incorporated Year | 1894 |
| Population | 1,306,784 |
| City Area | 825.56 km 2 (318.75 sq mi) |
| Official Website | Calgary Official Website |
Property Taxes in Alberta for a $500K Alberta Assessed Value Home*
Assessed Value of a Property
Properties in Alberta are assessed every year by municipalities according to guidelines by the Ministry of Municipal Affairs and the Alberta Assessment and Property Tax Policy Unit. This is different from BC and Ontario where property assessments are conducted by a provincial entity. Most properties are assessed using a market value-based approach. There are three ways that municipalities can use to determine a property’s market value:
1.Sales Comparison Approach
Most properties are valued under this approach. This compares the sales of similar properties in the assessment year to determine a valuation for the property. The assessed value may not equal the actual market value or sale value of a property.
2.Cost Approach
New properties are valued under this approach. This uses the cost of the property if someone were to rebuild it to determine a valuation for the property. This includes the price of the land and the price of all improvements (e.g. buildings) on top of it. While this takes into account the market value of the land, it does not consider the market value of the property as a whole.
3.Income Approach
For properties that are dedicated to generating income like rental properties or offices, an income-based approach is used. In these cases, it may not be possible to find recent sales of comparable properties. This approach uses the income generated by the property to determine its assessed value.
Property Taxes in Alberta for a $500K Fair Market Value Detached Home*
How We Calculate Your Property Tax
If you entered your home's Provinical Assessment value, we calculate your property tax by multiplying your Assessment value by Calgary's final property tax rate.
Property Tax of Other Cities in Alberta
Although property taxes are one of your most significant expenses as a homeowner, your mortgage payments cost you the most money. Take a look at the best mortgage rates in Calgary to save thousands of dollars potentially.