Property Assessment
Market value is the most probable price that a property would sell for on the open market on a given date. An assessor reviews and measures the real estate market to establish typical market value.
Your 2010 Property Assessment is based on real estate market conditions on July 01, 2009 and the physical characteristics and condition of your property on Dec. 31, 2009.
Your assessment is the market value of your property; the value used to calculate your share of property taxes.
Assessment = market value
Council decides what budget The City needs in the coming year. Then, using the total city-wide assessed property base, Council sets the tax rates to bring in only the funds it needs from property tax.
Tax rate = City budgetary needs ÷ total asessed value of all Calgary properties
Your share is calculated according to the assessed value of your property. No less, no more.
Individual share of tax = tax rate x assessment
Your share
Property taxes help pay for City services that include police and fire protection, garbage pick-up, parks to play in, roads and public transportation. Property taxes are also collected to meet provincial budgetary requirements. For more information on property taxes visit Property Tax.
City Business
Assessment & Taxes
(1.15 MB)
