City of Airdrie assessment values increase

February 5, 2014 / For Immediate Release

AIRDRIE, AB – Overall residential property values increased 4.7% in Airdrie, according to the 2014 assessment roll. There has been a 9.12% increase in the total number of taxable parcels between 2013 and 2014 and a 13.70% increase in the total taxable assessment values during the same period. Airdrie remains a highly desirable community for people to live and work.

Values shift yearly due to several factors such as new construction, renovation, re-inspections and consumer response to housing and business needs. Typically in areas that show larger increases you will see a lot of new construction or new data gleaned from re-inspection cycles. Deceases can represent decreased buyer response or in some cases an influx of smaller, lower priced dwelling units that simply lower the average price.

“Airdrie remains a robust, high growth community that offers competitive and desirable amenities for both entrepreneurs and residents. The overall 2014 assessment increase reflects the market’s positive response to our community, showing both increases in investment and positive returns for homes and businesses,” says Larry Laverty, Assessment Team Leader.

It is important to realize that as assessment values decrease or increase that the tax rates will be adjusted accordingly. Residents with questions about their assessment notice should call the City of Airdrie and speak with an Assessor. Assessors can be reached at 403.948.8855, and assessments can be reviewed at www.airdrie.ca/airdriemap. The assessment notices were mailed to all property owners on January 27, 2014. Taxation notices will be mailed on May 30, 2014.

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Media contact:

Larry Laverty
Assessment Team Leader
403.948.8800 ext. 8822

 

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