AirdrieWORKS
AirdrieLIFE_vol2_num2
04/06/06
9:11 AM
Page 58
AirdrieWORKS… by comparison Assessment and Taxation Comparisons 2005 Non-Residential Comparisons A comparison has been undertaken to show the assessment & taxation comparisons of non-residential properties between Airdrie, Calgary and Cochrane.The comparisons are for both industrial and commercial properties.The property details used for comparison purposes are not specific to any particular site. Airdrie Property Tax Rate: 16.76215
Calgary Property Tax Rate: 20.6278
Airdrie Business Tax Rate: (Airdrie does not have a Business Tax)
Calgary Business Tax Rate: 8.77
Industrial Property Example: 2.5 Acre Site, 40,000 Sq. Ft. Warehouse, 5,000 Sq. Ft. Office Assessment & Taxation Property Assessment Property Taxes Business Assessment Business Taxes Total Taxes
Airdrie $ 2,595,000 $ 43,498 $ 43,498
Calgary $ 2,900,000 $ 59,821 $ 295,000 $ 2,587 $ 62,408
Calgary’s total taxes are 43.47% higher than taxes in Airdrie.
Commercial Property Example: 2.00- 3.00 Acre Site, 28,000 Sq. Ft. Average Quality Retail Assessment & Taxation Property Assessment Property Taxes Business Assessment Business Taxes Total Taxes
Airdrie $ 3,080,000 $ 51,627 $ 51,627
Calgary $ 3,220,000 $ 66,422 $ 336,000 $ 2,947 $ 69,369
Calgary’s total taxes are 34.37% higher than taxes in Airdrie. Airdrie has a definite tax advantage over Calgary. 2006 Tax Rates will be set in late April.
Business Licenses 2006 Regulated under Bylaw 52/2005 – Business License Bylaw requires an annual Business License to conduct business in the City of Airdrie. Category of Business Resident Non-resident Less than 72 hours or 3 days cumulative Transfer of License to New Owner
License Fee $100 $200 $50 $20
Business Licenses can be obtained at the Cashiers Desk at City Hall, 400 Main St SE, between 8:30 am and 4:30 pm Monday to Friday.
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AirdrieLIFE • spring/summer 2006 • volume 2