The City of Calgary approved the 2018 Municipal Non-Residential Phased Tax Program (2018 PTP), offering tax relief to non-residential properties that have experienced the highest increase in municipal non-residential property taxes due to shifts in market value.
No application is required. The 2018 PTP will be applied to the 2018 non-residential property tax bill mailed at the end of May. About 7,400 non-residential properties will benefit from the program. It is expected that in turn, a benefit will be realized by business tenants of the eligible non-residential properties.
“In this fragile economic recovery, we need to do all we can to help business in Calgary,” said Mayor Naheed Nenshi. “By offering property tax relief to businesses, Council is ensuring the short-term resilience of our economy while we take actions to build a stronger long-term economy for all.”
Non-residential property owners are encouraged to visit calgary.ca/ptp to determine if they are eligible for the program and to view their estimated 2018 tax amount. Residential properties and businesses are not eligible for this program.
The 2018 PTP is a separate, one-time program and not an extension of the 2017 Municipal Non-Residential Phased Tax Program (2017 PTP). It limits the increase in municipal non-residential property taxes to five per cent.