Caution | Outdoor water restrictions in effect

Stage 1 Outdoor Water Restrictions are in effect. Learn more about what you can do during this stage.

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Financial facts

Municipal property tax dollars make up about 50% of The City's annual operating budget. The other half is collected through user fees, permits and licensing, grants to name a few.

Your property tax dollars enable us to deliver the City services Calgarians rely on, such as Fire, Police, Transit and more.

We collected and used your input to develop The City’s 2023-2026 service plans and budgets to make additional investments in the services that matter most to you. Each year, adjustments are made to the plans and budgets to support Calgarians further.

Calgary continues to be recognized as one of the most livable cities in the world (The Economist in 2022), with the second lowest cost of living of any major city in Canada. 

Operating Revenues

Where do your residential property tax dollars go?

Learn more about the City services partially or fully funded by property tax.

Learn about our Finances

The key factors (and the timeline) that work to determine your annual property tax bill.

How does The City manage its City finances to keep Calgary affordable? Learn how our Total City Operating Expenditures are maintained in line or below the combined rates of population growth and inflation.

Learn more about the City service, capital, and one-time investments Council made as part of The City’s Service Plans and Budget 2024 Adjustments.

Get an estimate, and complete breakdown of your tax bill before it arrives in May. Learn how your money is invested in City service.

Do you pay your property tax monthly? Learn how the TIPP instalment changes in December and July ensure you pay no more or less than your annual tax bill.

How does a change in your property’s assessed value (mailed in January) impact your tax bill?

City finances are impacted by an estimated downloading of $311 million annually from other orders of government. Read the Municipal Fiscal Gap Report.

Learn more about gas and electricity charges, Local Access Fees, and The City’s efforts to investigate changes for Calgarians.

Learn more about why The City has reserves, what they are used for and how they are related to City surplus and how they relate to The City finances.

Managing our finances carefully can result in a favourable operating variance that Council can use to further support Calgarians.