Calgary Homeowners Face Rising Taxes Despite Property Value Changes

Homeowners in Calgary will experience an increase in property taxes this year, despite some fluctuations in property value assessments. According to Eddie Lee, the city’s director of assessment and tax, property values for certain homes have either declined or only marginally increased. This marks a notable shift from the substantial 22 percent increase recorded in 2025.

The primary driver behind the rise in property taxes is a planned increase in Alberta’s share of property taxes, which is set to increase by 11.9 percent. This change will elevate the province’s portion of property taxes from 37 percent to 40 percent, while the city’s revenue collection remains unaffected. Lee emphasized, “The amount of tax that the city will collect will remain the same. It’s a completely separate budgeting mechanism.”

As part of the city’s budget, the property tax rate will also see a rise of 1.6 percent. The exact impact on individual property taxes will be clearer once the province releases its budget at the end of February.

Property Assessment Trends

The latest assessments present a sharp contrast to the previous year. In 2025, the value of condominiums surged by 22 percent, compared to an 18 percent increase the year before. Additionally, the estimated value of single-family detached homes rose by 14 percent, up from 10 percent in 2023. This trend was largely attributed to a surge in net migration during 2023.

Population growth has since stabilized, as housing supply begins to catch up with demand. The median value of a single-family residence, which represents the majority of homes in Calgary, increased by 1 percent to $706,000. Conversely, the assessed price of residential condominium apartments decreased by 3 percent, falling from $357,000 to $349,000. In contrast, purpose-built rental properties, which constitute a smaller segment of the market with only 2,500 residences, saw an increase in value of 8 percent.

The assessments reflect property values as of July 1, 2025, or December 31 for properties that underwent structural changes after that date. Lee noted that while he could not quantify the effects of a decrease in immigration and an increase in housing supply, there has been a 2 percent increase in single-family homes and a 4 percent rise in multi-family condominiums.

Last year, Calgary re-evaluated the value of approximately 51,000 homes across 16 communities that were impacted by a hailstorm, affecting many properties in the northern part of the city. The adjustments resulting from the storm contributed to the overall shifts in property values.

As homeowners prepare for the upcoming changes, the financial landscape in Calgary continues to evolve, reflecting broader trends in the housing market and the province’s fiscal policies.