2013 Calgary Property Tax Assessments Mailed Today

The City of Calgary mailed approximately 491,000 Property 2013 Assessment Notices today and commenced the 2013 Assessment Customer Review Period, which runs from January 3 to March 4, 2013.

The 2013 Property Assessment values are based on a July 1, 2012 market valuation date and December 31, 2012 physical condition date.

In conjunction with the 2013 Assessment Notice mailing, the Assessment Search website was updated today with 2013 assessment information.

Did you property taxes increase or decrease?

If you still have questions after reviewing your assessment, you can call the Assessment business unit at 403-268-2888 during the 2013 Customer Review Period to have your inquiries answered over the phone or, if necessary, to book an appointment with an assessor.

2013 PROPERTY ASSESSMENT ROLLS KEY FINDINGS

• Based on the market value of property as of July 1, 2012.

• Total number of accounts on the 2013 Property Assessment Roll is 466,000.

• Total value of the 2013 Property Assessment Roll is 254 billion.

• As a result of the 2013 Assessment, the typical residential property assessment change is 3% between 2012 and 2013.

• Approximately 95% of residential properties’ revenue neutral taxes will stay within plus or minus 10% of last year’s taxes.

o 57% of residential properties will see a revenue neutral tax decrease.
o 43% of residential properties will see a revenue neutral tax increase.

• 2013 median single residential assessment (excluding condominiums) is 410,000 compared to 400,000 in 2012.

• 2013 median residential condominium assessment is 250,000 compared to 240,000 in 2012.

• As a result of the 2013 assessment, the typical non-residential property assessment change is 20% between 2012 and 2013.

• Approximately 43% of non-residential properties’ revenue neutral taxes will stay within plus or minus 10% of last year’s taxes.

o 74% of non-residential properties will see a revenue neutral tax decrease.
o 26% of non-residential properties will see a revenue neutral tax increase.

• Changes to the real estate market after July 1, 2012 will be reflected in values prepared for the 2014 Property Assessment Roll.

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