Property and Business Assessment Notices mailed on Jan. 03, 2012
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.
For the purpose of taxation, the Assessment business unit annually prepares, communicates and defends property and business assessments using the market value standard for property and typical net annual rental value for business. Our role is to ensure The City of Calgary is able to rely on the revenue stream generated by the assessment and taxation process to provide infrastructure programs and services.
2012 Property Tax Bills: The 2012 Property tax bills are being mailed on May 25, with taxes due June 29. For more information on property tax payment information, including the TIPP program, click here or contact 3-1-1.
For mailing address changes, ownership changes or school support, contact 3-1-1.
Assessment information you may be interested in on this page
To navigate quickly to the information you require, click on the information link below.
2012 Customer Review Period
Assessment Search
2012 Assessment Notice & Key Findings
Property Assessment
Residential Property Assessment
Multi-residential Property Assessment
Non-residential Property Assessment
Business Assessment
For quick navigation of this site, click on an information link below:
Exemptions (Property/Business)
Assessment Publications & Forms
About Assessment
The 60-day Customer Review Period is your opportunity and time frame to review your 2012 Property and Business Assessment.
To begin your review, please read your
2012 Property Assessment Notice and/or your
2012 Business Assessment Notice carefully. If you need more information after you review your Notice, visit
Assessment Search. The City offers a number of online tools and resources to help you understand your property assessment and review your market value for fairness and equity. When reviewing your assessment:
Check: Is the factual property information we have on record correct?
Review: Is your market value assessment a reasonable estimate as of July 01, 2011?
Compare: Is your assessment equitable when compared with others?
For more information about Assessment's two annual customer service programs please review these pages:Customer Review Period (Property, Business) - a 60 day program occurring after the Notice mailing.
Advance Consultation Period - offered to non-residential property and business to discuss preliminary assessment findings and to share information prior to the finalization of the Assessment Rolls.
In conjunction with the 2012 Assessment Notice mailing on January 03, 2012, The City of Calgary’s Assessment business unit is launching its redesigned Assessment Search Website which will offer new and expanded online services to customers, within a Helpful, Convenient, Secure theme.
One of the changes to calgary.ca/assessmentsearch will be the introduction of a new secure login service for property owners, similar to the service introduced for business owners earlier in 2011. This secure service represents the start of property owners being able to access private assessment information about their own properties online, and includes improved search features, as well as new account management services. To continue to respond to the existing public demand for online assessment information, a public access feature will provide any members of the public with map and tabular based information for property locations and property assessment values. In addition to bringing about improvements for 2012, this new platform enables the Assessment business unit to offer more information and assessment services online in the future, and supports our effectiveness and efficiency endeavours. How-to information on securely logging in and conducting an assessment review is available online.
For more information about Assessment Search click here.
Assessment mailed approximately 482,000 Property and Business Assessment Notices on Jan. 03, 2011. 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 space as of July 01, 2011. For more information visit the following pages by clicking the links:
2012 Assessment Notice (Property, Business)
Types of Notices (Property, Business)
2012 Property and Business Assessment Findings
Property assessment is the estimated value of a property used for Municipal and Provincial taxation purposes.
When we prepare residential assessments, we typically look at all similar properties within a similar area that are sold during the same timeframe. When properties are sold, there is a range of sale prices. Assessed values are based on these prices. This is called the sales comparison approach to valuation.
For
multi-residential property assessments we use the income approach to valuation – capitalize the income being generated by the property.
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.
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. Business assessment does not reflect a specific type of business, or the profitability of a business.
The business assessment is calculated by multiplying the area of the business premises used in connection with the business by the typical net annual rental rate per square foot for the type of premises.
