The Assessment business unit estimates the market value of your property for the purpose of distributing fair and equitable taxation. The Assessment business unit deems any property not used as a residence to be valued for assessment purposes as a non-residential property.
Non-residential property assessment as defined by the
Municipal Government Act means linear property, components of manufacturing or processing facilities that are used for the cogeneration of power or other property on which industry, commerce or another use takes place or is permitted to take place under a land use bylaw passed by a council, but does not include farm land or land that is used or intended to be used for permanent living accommodation.
Non-residential properties are stratified by property type:
Office
Office properties are typically used to maintain or occupy professional or business offices. These properties are designed for general commercial occupancy, including administrative government and corporate uses, and are normally subdivided into relatively small units. The term office can refer to whole buildings, floors, parts of floors, and office parks.
Retail
Retail properties are used for the sale of goods and services. Retail properties, typically, include shopping centres, attached stores arranged in a row, free standing stores and restaurants.
Industrial
Industrial property typically includes land and improvements that are used for manufacturing, warehousing, distribution centres, storage yards, contractors shops, etc. The improvements typically have limited interior finish.
Non-residential vacant land
Non-residential vacant land that has no improvement and the assessment class is non-residential.
Other non-residential
These are the types of properties that are represented by other non-residential:
In determining non-residential assessments, we use one of three approaches to value, depending on the type of non-residential property:
- Sales comparison approach – sales of similar properties.
- Income approach – capitalize the income being generated by the property.
- Cost approach – land value plus the depreciated replacement cost of the property.
Your 2012 Assessment reflects the estimated market value of your property based on the valuation date of July 01, 2011, as set by the Municipal Government Act.
For more information about non-residential property assessments view these pages:
Assessment Search at "calgary.ca/assessmentsearch" offers more information, enhanced search capabilities, a secure environment or your information and new account management features. By selecting our new secure login service for Calgary property owners, you can conduct more in-depth assessment research, using real estate market information, summary assessment information of other properties and more detailed information about your property.
