Non-residential property assessment

Property assessments are completed on an annual cycle using the market value standard for property. In determining non-residential property assessments, The City of Airdrie considers all three approaches to value, depending on the type of non-residential property:

  • Sales Comparison Approach: sales of similar properties.
  • Income Approach: capitalize the income being generated by the property using a capitalization rate.
  • Cost Approach: market value of land plus the depreciated replacement cost of the improvement.

The City of Airdrie also reviews the following:

  • Industry publications in support of the valuation parameters.
  • Post facto sales for trending purposes.
  • Non-residential sales from surrounding municipalities.

View your current Assessment Notice with  myAIRDRIE

 

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Assessment

P. 403.948.8855

F. 403.948.6567