What Calgary’s 2026 Property Assessments Mean for Your Taxes
Every January, the City of Calgary mails out property assessment notices. For 2026, more than 600,000 property owners received theirs — and after several years of steep increases, this year marks a noticeable shift toward stability.
The Market Has Levelled Off
Residential values across Calgary have largely stabilized, rising just 1% on average.
• The typical single-family home is now assessed at approximately $706,000
• Condo values declined slightly, with the typical condo assessed at $347,000
This flattening reflects a more balanced market compared to the rapid growth seen in recent years.
Your Assessment Isn’t Your Tax Bill
Your property assessment is not your tax bill. It is simply the value used to calculate your share of the total property tax collected by the City.
Each year:
• The City sets a total revenue requirement to fund services
• That amount is distributed across all properties
• Your assessment determines how large your portion is relative to others
Because of this:
• An increase in your assessment does not automatically mean the same increase in taxes
• What matters most is how your assessment changed compared to the citywide average
2026 Property Tax Overview
For 2026:
• City Council approved a 1.6% municipal tax increase
• The typical single-family home will pay approximately $2,741 annually in municipal taxes
• That works out to roughly $3.57 more per month than in 2025
Your final tax bill will vary depending on how your property’s value performed relative to the broader market.
The Provincial Education Tax
A meaningful portion of your property tax bill comes from the provincial education tax, which is set by the Province and collected by the City.
In 2026:
• The provincial portion is expected to rise by approximately 11.9%
• This adds about $16 per month for the typical homeowner
• Roughly 40% of total property taxes will go to the Province, up from 37% last year
This helps explain why tax bills may rise even when municipal increases are modest.
A Tax Calculation Example
To put the numbers into context:
• Assessed value: $706,000
• Estimated combined tax rate: ~0.618% (City + Province)
Calculation:
$706,000 × 0.00618 ≈ $4,360 per year
(about $363 per month, before final rate adjustments)
What This Means in Practice
• If your assessment rises in line with the city average, your tax bill may increase only by the approved tax rate
• If your assessment rises more than average, your share of the tax pool increases
• If your assessment rises less than average (or declines), your share may stay flat or even decrease
Example:
If the citywide average assessment increase is 1%:
• A home that increased 1% keeps the same relative share
• A home that increased 3% takes on a larger share of the tax burden
• A home that stayed flat takes on a smaller share
To know whether your assessment is high, don’t compare it to last year — compare it to the city average shown directly on your assessment notice. That number tells you whether your home gained value faster, slower, or in line with the rest of Calgary.
Key Takeaways for Homeowners
• Property tax rates are finalized in spring after the provincial budget
• Your assessment is only one part of how your tax bill is calculated
• You can request a review or appeal if your assessment appears inaccurate
Final Thoughts
2026 represents a year of assessment stabilization for Calgary — a welcome shift after years of rapid price growth. For most homeowners, this means more predictable property taxes, with modest increases at the municipal level.
That said, individual tax bills will vary. Understanding how assessments work — and how tax rates are applied — puts you in a stronger position to plan ahead.