When buying a home you should not only review how much property taxes are, but also see if there are any local improvement charges. LI charges could range from just a few dollars to thousands of dollars annually for a period of time.
There may be additional charges on your tax bill for previously approved local improvements. A local improvement is a project that:
- Council considers to be of greater benefit to an area of the municipality than to the whole municipality, and
- is to be paid for in whole or in part by a tax imposed on the properties affected by the project.
To pay for a local improvement, once it is completed, the property owners can pay their portion in full, or in yearly amortized amounts, which will then be included in The City’s Property Tax Statements. Property owners may pay out the remaining principal plus accrued interest at any time during the amortization period.
Local improvements include new or replacement construction projects intended to upgrade specific areas in communities throughout the city.
- street paving
- driveway crossings
- sidewalk replacement
- lane paving
- curb and gutter replacement.
For homeowners in the communities of Christie Park, Patterson Hills, Citadel, Diamond Cove, Douglasdale, and Douglas Glen, a separate line item on your property tax bill will state Special Tax – Boulevard Maintenance or Enhanced Landscape Maintenance.
This special tax is a result of a successful community petition to The City of Calgary requesting enhanced landscape and boulevard maintenance. This is an annual levy requiring Council approval of a by-law.
For homeowners in these communities, please contact your community or residential association for further information.
(Source for above information: City Of Calgary website)
For more information, visit the City of Calgary website or read through their brochure below.