On January 5, 2016, The City of Calgary mailed property and business assessment notices.
• As required by provincial legislation, the 2016 property assessments reflect the market value of property on July 1, 2015 and the physical condition on Dec. 31, 2015. The 2016 business assessments reflect the typical net annual rental value of business premises on July 1, 2015. Assessed values are prepared annually and provide the basis for calculating property and business taxes.
• The Customer Review Period runs from January 5 to March 7.
During this 60-day period, property and business owners are able to inquire about their assessment. You are encouraged to carefully review your assessment. The City of Calgary will, if needed, amend property and business assessments if an inquiry is received during the 2016 Customer Review Period. • Please be aware:
Changes to a 2016 assessment can only be made if an inquiry is received during the 2016 Customer Review Period. You cannot appeal your assessment after March 7, 2016. Your tax bill will be sent out after the Customer Review Period. So it is important to inquire about your assessment if you have questions or concerns or would like to appeal your assessment during the Customer Review Period. •
2016 Assessment information is available on Assessment Search at www.calgary.ca/assessment
Customers are invited to call Assessment’s customer service line at 403-268-2888
weekdays from 8 a.m. – 4:30 p.m. if you have any questions. Non-Residential Property Assessments•
In 2016, an additional 20 per cent of business tax revenues will be transferred to and collected through the non-residential property tax. This will result in a cumulative 40 per cent decline in the business tax rate from 2013 levels (2013 business tax revenue amount has been adjusted for business growth and contingencies).
This year’s revenue transfer will also result in an estimated additional 4.6 per cent increase to the non-residential property tax rate, for a total non-residential property tax increase of an estimated 9.2 per cent due to consolidation.
• Business tax consolidation will not impact assessment values nor will it be reflected on the assessment notices for non-residential property and business owners.
Any inquires you have regarding property or business assessment notices, please contact the Assessment Business Unit at 403-268-2888
or visit www.calgary.ca/assessment
. For general information about your property taxes, please visit www.calgary.ca/propertytax
This content represents the personal views and opinions of the Ward Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.