Homeowners of Calgary should keep an eye on their mailbox this week as their 2020 property taxes are being sent out by the city.
A release from the City states that around 530,000 properties (residential or non-residential) are being mailed property tax bills throughout this week, meaning that a few piggy banks may need to be smashed over the coming weeks.
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The deadline for payment this year is Tuesday, June 30, with a 7% late payment penalty being applied to any unpaid balance on October 1 for those facing financial hardship due to the COVID-19 pandemic.
However, it should be noted that those Calgarians who are paying monthly through the City’s Tax Instalment Payment Plan (TIPP) will not face the June 30 deadline, either, and will instead be paying their taxes through monthly installments.
Property owners who are not currently on TIPP can join on the city’s website or by calling 311.
Help is also available to low-income earners, depending on whether or not they meet certain guidelines and criteria, which can be found here.
If you’re interested in where, exactly, your property tax dollars are going, you can take a head over to the Calgary’s Property Tax Breakdown page.
A quick look shows that the majority goes towards the provincial education tax, bylaws and public safety, transportation, enabling services, parks, recreation, and culture.