2.3% property tax rate gets final approval

City council has given final approval to this year's property tax rateat 2.3 per cent.

That is a total of both the municipal and the provincial portion of a Calgary homeowners tax bill.

• Average Calgary homeowner to save $40 on property taxes this year
• Returning $52M surplus could negate Calgary's 2014 tax hike

It would mean a hike of $59 for theowner of an average Calgaryhome worth $430,000.

But factoring in a one-time rebate applied to tax bills last November, the average homeowner will end up paying about $40 less tax this year than last.