City of Airdrie mails annual assessment notices

January 8, 2016 / For Immediate Release

AIRDRIE, AB – The City of Airdrie has mailed this year’s assessment notices. Overall, single family residential property values have plateaued and many homes this year will see a slight decrease in assessed values. The same holds true on the non-residential market where overall lower prices and higher vacancies are the trend.

Several factors contribute to shifting values, such as new construction, renovation, re-inspections and consumer response to housing and business needs. In areas with larger increases, typically this is because 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 lower the average price.

“Once again, Airdrie has had positive growth and an overall increase in population. There remains an overarching theme that Airdrie is a community in which families can grow and business can remain viable,” says Larry Laverty, City Assessor. “The overall 2015-16 assessment values reflect the decreases in economic activity in the in oil and gas sectors; however still send a positive message to the stability and continued desirability of Airdrie as a whole.”

It is important to note that as assessment values decrease or increase, 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 4, 2015.

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Media contact:

Larry Laverty
City Assessor
403.948.8800 ext. 8822

 

 

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