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How are assessments calculated?

To offer fair and equitable assessments, values are determined through the mass appraisal approach, analyzing properties that have sold within the 3 year valuation period leading up to July 1, 2021. Different neighbourhoods or dwelling types may see their value appreciate or depreciate from year to year.

The purpose of the assessment is not to reflect a single sale price, but to assess all properties at typical market value as of the same valuation date.

Many factors are considered when valuing property such as:

  • Age
  • Lot size and home square footage
  • Home features, finishes and quality
  • Property location

For more information please view the Guide to Property Assessment and Taxation published by the Government of Alberta.

Assessment notices and tax bills

Assessment notices are mailed before tax bills each year to allow property owners the opportunity to review their assessed value, property details and raise any concerns before taxes are calculated. The legislation provides a 60 day review period starting on the Notice of Assessment date. Changes to your assessment will only be considered if an inquiry is received during this legislated time frame.