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Council approves tax hikes for 2022

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City council finalized property tax hikes for 2022 at its meeting Wednesday.

The amount paid depends on a variety of factors, but Councillor Gian-Carlo Carra told CTV it will average around 3.4 per cent for residential taxpayers.

That works out to around $170 for the average single family home.

The average Calgary condo owner can expect to pay around $60 a year more.

Business taxes will vary greatly, with some paying less, but overall, will increase by around 2.83 per cent.

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