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Non-residential assessments

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:

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

The Assessment Department completes an annual vacancy study for non-residential properties, the current study can be found here:

2022 Vacancy Study

When you connect your property to your myAirdrie account you can view your current Assessment Notice online.

 visit myAIRDRIE