2016 Non-Residential Property Assessments raise property taxes 20% - 65% on Property in the City

If you own non-residential property in the City of Spruce Grove you may have found a substantial increase in your property tax notice you received in June of this year.  If you are the owner / operator of the property you will have to dig a little deeper to pay to play here in the City of Spruce Grove and if you are a tenant of a commercial / industrial property and pay a triple net lease you may see an increase in your operating costs when you get your annual adjustment statement.  Many property owners that live and work here in the community were surprised when their budgets were thrown off and their accounting departments showed them their 2016 property tax assessments; many too late to appeal in the 60 day window allowable.  Property that is owned by corporates that do not live here will pass the costs down to their tenants and many city businesses have yet to feel that increase.  Hard to swallow in an economic down turn, particularly with so many other costs hitting business hard.  Soon the impact of a carbon tax, another increase in minimum wage this October, as well as a looming Alberta Labour Code review will start to impact business bottom line.