Most Calgarians are facing a 3.6 per cent hike on their property taxes this year — that is, unless you live in Shepard, about 20 minutes southeast of downtown, where residents are bracing for a 40 per cent increase. The area was annexed by the City of Calgary in 2007, and as part of the agreement, residents were given a 15-year reprieve before switching from tax rates set by Rocky View County — their previous municipality — to Calgary tax rates.