Annually in early January, the City of Calgary provides all property owners with a Property Assessment, estimating the market value of the property as of July 1st of the previous year. The Assessment is used by the City in calculating the property taxes for each property owner.
The Assessment notice is different than the tax bill which is mailed in May. The notice allows for a Review Period so that property owners can review the accuracy of their assessment.
Each year you should review your notice to see that the City information on your property is accurate, and that the assessment is a reasonable estimate of the market value (especially as it relates to similar properties).
If you believe your Assessment is not accurate, contact the City of Calgary before March 7, 2016.
403-265-3010 (Monday – Friday, 8 a.m. – 4:30 p.m.)
If, after speaking with an assessor, you are still not satisfied, you may file a formal complaint with the Assessment Review Board and have them review your assessment. This can only be done during the Customer Review Period.
ePortal allows for complainants to file and access their assessment complaint online
My industry colleague Glen Godlonton has a very detailed and useful summary of the review process at his blog here:
Realtors like Mr. Godlonton can provide you helpful evidence on the market value of similar properties.
Please contact us if you have any questions about reviewing your Property Assessment.