2012 Property and Business Key Findings

The Assessment business unit mailed approximately 482,000 Property and Business Assessment Notices on Jan. 03, 2012. The values reflected on the 2012 Assessment Notices were based on the market value of property and the typical net annual rental value of your business premises as of July 01, 2011.

Assessment annually prepares, communicates and defends property and business assessments for the municipality of Calgary using the market value standard for property and typical net annual rental value for business. 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 01, 2011. 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. Based on our analysis we are pleased to provide summary information about Calgary's 2012 property assessments and 2012 business assessments.

2012 property assessment findings

2012 Property Assessment Roll:

Based on the market value of property as of July 01, 2011.
Total number of accounts on the 2012 Property Assessment Roll is 456,000.
Total value of the 2012 Property Assessment Roll is 232 billion.
As a result of the 2012 Assessment, the typical market value residential property assessment change is -3% between 2011 and 2012.
This year, approximately 93% of residential properties’ revenue neutral taxes will be within ± 10% of last year’s taxes.

62% of residential properties will see a revenue neutral tax decrease due to the 2012 assessment.
38% of residential properties will see a revenue neutral tax increase due to the 2012 assessment.

2012 median single residential assessment (excluding condominiums) is 400,000 compared to 410,000 in 2011.
2012 median residential condominium assessment is 240,000 compared to 250,000 in 2011.
As a result of the 2012 assessment, the typical market value non-residential property assessment change is 2% between 2011 and 2012.
This year, approximately 60% of non-residential properties’ revenue neutral taxes will be within ±10% of last year’s taxes.

63% of non-residential properties will see a revenue neutral tax decrease.
37% of non-residential properties will see a revenue neutral tax increase.

Changes to the real estate market after July 01, 2011 will be reflected in values prepared for the 2013 Property Assessment Roll.

2012 Business Assessment Roll:

Based on the typical net annual rental value of business premises as of July 01, 2011.
Total number of accounts on the 2012 Business Assessment Roll is 26,100.
Total value of the 2012 Business Assessment Roll is 2.7 billion.
As a result of the 2012 assessment, the typical net annual rental value business assessment change is -3% between 2011 and 2012.
This year, approximately 49% of businesses’ revenue neutral taxes will be within ± 10% of last year’s taxes.