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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary Condo Owners Will See Biggest Property Tax Increases in 2024

Feb 1, 2024  
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Condo owners in Calgary will likely see the largest increase in their property tax bills for 2024 due to ↑ 17% rise in assessed values
Overall, residential property values in Calgary ↑ 10% in 2023.
Non-residential property values in Calgary ↑ 3%, with industrial properties experiencing the highest increase at ↑ 9%.
The city uses a revenue-neutral tax formula, meaning tax rates are adjusted to compensate for changes in property values.
Homeowners have the opportunity to dispute their assessment notices until March 11.

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