The Calgary Commercial property taxes outside of the downtown core are expected to increase significantly in 2019. High office vacancies, coupled with Calgary’s struggling economy, suggest that values for the downtown core will continue to fall. This significant loss in tax revenue from the downtown core, will shift to the suburban markets. Businesses outside the downtown core can expect double digit increases in their property taxes for 2019. The 2019 Calgary assessment notices will be mailed out in the first week of January.
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