The City of Calgary Assessment is pleased to provide summary findings on the 2010 market value property assessment and typical net annual value business assessment.
2010 Property Assessment findings
- On Jan. 04, 2010, The City of Calgary mailed approximately 439,000 property Assessment Notices to Calgary taxpayers, which is an increase of 8,000 from 2009.
- The 2010 median single residential assessment (excluding condominiums) is $374,000 compared to $427,500 in 2009. The 2010 median residential condominium assessment is $233,000 compared to $278,500 in 2009.
- The total value of the 2010 Property Assessment Roll is $218 billion, a decrease of $27 billion from last year.
- As a result of the 2010 Assessment, the typical assessment change between the 2009 and 2010 Property Assessment Rolls is -13% for residential properties and -15% for non-residential properties.
- This year, approximately 92% of residential properties' revenue neutral taxes will stay within plus or minus 10% of last year's taxes.
- 70%, or just over two-thirds, of residential properties will experience a revenue neutral tax decrease due to the 2010 assessment, while 30% or, just under one-third, will experience an increase in their taxes due to the 2010 assessment only.
2010 Business Assessment findings
- On Jan. 04, 2010, The City of Calgary mailed approximately 25,400 Business Assessment Notices to Calgary taxpayers, which is an increase of 300 from 2009.
- The total value of the 2010 Business Assessment Roll is $3.05 billion, which is approximately the same value as the 2009 Business Assessment Roll.
- As a result of the 2010 Assessment, the typical assessment change between the 2009 and 2010 Business Assessment Rolls is -3%.
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