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Assessment roll highlights

The City of Calgary mails property assessment notices in early January each year.

A 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 1 of the previous year.

2021 highlights


​​Key findings from the 2021 Assessment Roll:

  • In 2021, The City of Calgary delivered more than 550,000 Assessment Notices to Calgary property owners. 
  • We delivered more than 40,760 eNotices and mailed more than 511,580.
  • The total value of the 2021 Assessment Roll is $297 billion, a decrease of $4 billion in value from last year. 
  • The typical property assessment change between 2020 and 2021 is -2% for residential properties and -6% for non-residential properties. 
  • The 2021 median single residential assessment (excluding condominiums) is $445,000 compared to $455,000 in 2020. 
  • The 2021 median residential condominium assessment is $235,000 compared to $245,000 in 2020. 
  • 32,000 northeast properties were inspected for hail damage from the June storm. Over 7,500 properties were still damaged by the physical condition date of Dec. 31, 2020. The resulting value loss has been reflected within the assessments of those properties.
  • Approximately 97% of revenue-neutral taxes from residential properties will stay within 10% of last year’s taxes due to the 2021 assessment.
  • Approximately 64% of non-residential properties’ revenue neutral taxes will stay within 10% of last year’s taxes due to the 2021 assessment.
  • For the 2021 Assessment Roll, non-residential properties have seen market value decreases in the office and retail sectors, while industrial remains strong.
  • The office market has decreased 13% overall due to higher vacancy and lower rents, caused in part by an increase in working from home due to the pandemic and a depressed energy sector.
  • Industrial property value remained strong with a 4% overall market increase driven by the rise in e-commerce, a diversifying economy and Calgary’s logistical advantages as western Canada’s distribution hub. 
  • Retail property market values have decreased 6% overall, in part due to the restrictions placed on this sector as a result of the pandemic. The shift to e-commerce has accelerated during the past year, which has also affected some smaller property tenants. The value of big-box properties and other essential retail space was not as impacted by the pandemic.

2021 Residential Revenue Neutral Market Changes by Communities are: view map​.

To learn more about the 2021 Property Assessment Roll please review the 2021 Property Assessment Market Report.

After The City receives the provincial property tax requisition and Council passes the property tax bylaw, the property tax bills, reflecting actual taxes owing, will be mailed each May.​

Assessment Search is our online resource for property and business owners to access more detailed information about their assessment and property details.