Market value is the amount a property might be worth if it is sold.
Airdrie assessors evaluate properties based on a number of variables including:
- Lot & home size
- Building features & finishes
- Construction quality
- Property location
Assessors consider many of the same factors that a homeowner would when they choose to purchase a home.
The purpose of the assessment is not to reflect a single sale price, but to assess all properties at typical market value on the same valuation date.