Your annual property assessment reflects the estimated market value (the amount it likely would have sold for on the open market) of your property based on the valuation date of July 1 of the previous year, as set by the Municipal Government Act. Real estate market conditions may change from the valuation date to when you receive your current assessment. Market changes that have occurred since July 1 of the previous year will be reflected on the following year’s assessment.
Virtual City Hall
Assessment and property details are available by logging into Virtual City Hall. Virtual City Hall provides a variety of web tools to help you check, review and compare your assessment to other similar properties for fairness and equity.
Assessment in Alberta
Assessment in Alberta provides a more in depth explanation into assessment and property taxation in Alberta.