7 Steps to Reducing Your Property Taxes

Many Calgary homeowners and real estate investors feel like their property taxes are too high—and in some cases, they might be right. But most people don’t fully understand how property taxes are calculated or what steps they can take to challenge or reduce their tax bill.

The good news? There are practical strategies you can use to potentially lower your property taxes—and keep more money in your pocket.

Let’s break it down.

1. Understand How Property Taxes Are Calculated

In Calgary, property taxes are based on your property's assessed value, as determined annually by the City of Calgary's Assessment department. That value is multiplied by the municipal and provincial tax rates to determine how much you owe.

Knowing this formula is key. If your assessment is inaccurate, you could be paying more than your fair share.

2. Review Your Assessment Carefully

Every year, the city mails out property assessment notices. Don’t ignore it—review the details immediately

• Is the square footage correct?

• Are the number of bedrooms, bathrooms, or features accurate?

• Does it fairly reflect the condition of your property?

If you spot errors, you may have grounds to dispute the assessment.

3. Compare with Similar Properties

One of the easiest ways to spot an inflated assessment is by comparing your property’s value with similar homes in your neighborhood.

If comparable properties are assessed lower than yours, yet offer similar features or square footage, it may be time to file a challenge.

4. File a Formal Assessment Complaint

If you believe your property assessment is too high, you can file a formal complaint with the City of Calgary’s Assessment Review Board (ARB).

Important tips:

• File before the annual deadline (usually in early March)

• Provide evidence, such as comparable sales or incorrect data in the assessment

• Be clear and factual in your argument

  
  

A successful appeal can lead to significant property tax savings.

5. Make Energy-Efficient Improvements

Some municipalities offer property tax rebates or reductions for energy-efficient upgrades like:

• High-efficiency furnaces

• Solar panel installations

• Insulated windows and roofs

  
  

While Calgary's programs vary from year to year, it's worth checking current incentives or provincial programs that could reduce your total property costs.

6. Apply for Tax Relief Programs (If Eligible)

Calgary offers tax assistance programs for seniors, low-income households, and those facing financial hardship. If you qualify, these can help you defer or reduce property tax payments.

For example:

• Property Tax Assistance Program (PTAP) for low-income residents

• Seniors Property Tax Deferral Program (provincial)

  
  

LeaseWell can connect you with resources or assist in identifying if your property qualifies.

7. Keep Your Property in Perspective

Major renovations, additions, or luxury upgrades can increase your property’s value—and therefore your tax bill. If you’re considering these changes, factor in the long-term tax implications before starting a project.

Also, avoid over-improving a rental property beyond neighborhood standards unless it offers strong ROI.

Final Thoughts

Property taxes are a significant annual expense for Calgary homeowners and investors—but they’re not set in stone. By staying informed, reviewing assessments closely, and taking advantage of available programs, you can potentially save hundreds (or even thousands) each year.

Want to know if your property is accurately valued?LeaseWell offers a free rental property evaluation to help you understand your property’s current market value—and how it compares to your tax assessment.

Let’s make sure your investment is working for you—not against you.