Calgary's business-residential tax ratio is forecast to widen further, with the current ratio of 48-52 expected to be a subject of interest during the upcoming budget deliberations. Residential properties are expected to see a 10% increase in value in 2024, while non-residential properties such as office, commercial and industrial are forecast for a collective two percent increase. This could lead to a shift of the tax burden from businesses to residents, if the tax share remains the same as it has since 2019.
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