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What is a property assessment?
Determined on an annual basis, a property assessment is an estimate of the market value of your property as of July 1 of the previous year and the property’s physical condition as of December 31. Property assessments are used to distribute the total community tax fairly and equitably as provisioned by the Municipal Government Act
Key Assessment Dates
Property assessment notices are mailed each January. Sending assessment notices in advance of property tax notices allows owners 60 days to review the value and details of their property and raise any concern they may have before taxes are calculated.
|January 20, 2021||Property assessment notices mailed|
|January 28, 2021||Notice of assessment date|
|January 28 - March 29, 2021||60 day review period|
|March 29, 2021||Assessment complaint due date|
|April/May 2021||City Council sets tax rates|
|May 28, 2021||Property tax notices mailed|
|June 30, 2021||Property taxes due|
|September 28, 2021||Supplementary assessments mailed|
|October 29, 2021||Supplementary taxes due|
How assessment and taxation work video