City of Airdrie assessment values increase

January 5, 2015 / For Immediate Release

AIRDRIE, AB – Airdrie’s strong population growth has impacted property values in the city, moving them up significantly over last year. Overall single family residential property values increased 11.8 per cent in Airdrie, according to the 2015 assessment roll. Non-residential properties saw average increases of closer to 20 per cent. Despite being the fastest growing city in Canada, again, 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.

“Once again, Airdrie is leading the way in growth, remaining as a highly sought after community in which residents and business can flourish. The overall 2014-15 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, City Assessor.

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 2, 2015. Taxation notices will be mailed on May 29, 2015.

The 2015 Assessment Percent Changes map shows how single family residential assessment values have shifted by neighbourhood.

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Media contact:

Larry Laverty
City Assessor
403.948.8800 ext. 8822

 

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