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Assessment Roll Highlights

The City of Calgary mails property and business assessment notices in early January each year. 

A property assessment is a value placed on a property for taxation purposes. It reflects the market value of a property based on the market valuation date of July 1 of the previous year.

A business assessment is a value placed on premises occupied for the purpose of, or in connection with, conducting a business. It reflects the typical net annual rental value that has been established for the premises as of July 1 of the previous year.

Key findings from the 2017 property and business assessment roll

Highlights from this year's assessment roll

  • Total number of accounts on the 2017 property assessment roll is 511,328.
  • Total value of the 2017 property assessment roll is $303 billion.
  • The typical market value residential property assessment change is a decrease of four per cent between 2016 and 2017.
  • This year, approximately 97% of residential properties’ revenue neutral taxes will stay within plus or minus 10% of last year’s taxes.
  • 56 per cent of residential properties will see a revenue neutral tax decrease.
  • 44 per cent of residential properties will see a revenue neutral tax increase.
  • The 2017 median single residential assessment (excluding condominiums) is $460,000 compared to $480,000 on the 2016 roll.
  • The 2017 median residential condominium assessment is $270,000 compared to $280,000 on the 2016 roll.
  • The typical market value non-residential property assessment change is a decrease of six per cent between 2016 and 2017.
  • This year, approximately 64 per cent of non-residential properties’ revenue neutral taxes will stay within plus or minus 10 per cent of last year’s taxes.
  • 27 per cent of non-residential properties will see a revenue neutral tax decrease.
  • 73 per cent of non-residential properties will see a revenue neutral tax increase.
 
Changes to the real estate market after July 1, 2016 will be reflected in values prepared for the 2018 property assessment roll.
  • Total number of accounts on the 2017 business assessment roll is 26,918.
  • Total value of the 2017 business assessment roll is $3.14 billion.
  • As a result of the 2017 assessment, the typical net annual rental value business assessment change is a decrease of six per cent between 2016 and 2017.
  • This year, approximately 45 per cent of businesses’ revenue neutral taxes will be within plus or minus 10 per cent of last year’s taxes.
  • 24 per cent of businesses will see a revenue neutral tax decrease.
  • 76 per cent of businesses will see a revenue neutral tax increase.

Changes to the typical net annual rental market after July 1, 2016 will be reflected in values prepared for the 2018 business assessment roll.

Revenue Neutral highlights

2017 typical assessment changes for property and business:

  • The typical residential property assessment change is a decrease of four per cent between 2016 and 2017.
  • The typical non-residential property assessment change is a decrease of six per cent between 2016 and 2017.
  • The typical business assessment change is a decrease of six per cent between 2016 and 2017.

After The City receives the provincial property tax requisition and Council passes the property tax bylaw, the property tax bills, reflecting actual taxes owing, will be mailed each May.

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