2007.02.01

Newsflash: Parking downtown is expensive

Posted in House and Home at 5:35 pm by Jeremiah Wittevrongel

Today I received my 2007 property tax assessment in the mail. Since my parking space is a separate land title from the condo, I get two assessments: one for the parking space, and one for my condo. For 2006 I didn’t get a separate assessment, because my possession date was mid-year.

I was a little surprised at the value of my parking space. According to the city of Calgary, it’s worth $5,000. At that price, it’s pretty likely that the car I park in that space is worth less than the space itself.

I’m not sure what sort of commentary this is on the state of parking in this fair city, but given that Calgary has some of the most expensive downtown parking in the country (the median rate in July, 2006 was $19 / day), I suppose this is just another indicator. Too bad I actually have to pay property tax based on it.