Each year the City of Calgary updates the Tax Assessment of the value of your home to ensure a fair and equitable distribution of the civic tax burden. You likely received your assessment notice in the mail for the upcoming tax year. Note that the Real Estate Assessment for the upcoming year is based on the market value of your home as of July 1 of the previous year. If you have questions about the value of your Assessment the City of Calgary now has a website that allows you to view assessments of other properties to compare your assessed value. There is a consultation period listed on your assessment within which you may discuss the stated value with your local City Assessor and understand the rationale for their valuation. If you do not agree with the City’s Assessment then you have the option of contesting the value before a Board that will listen to your evidence. You must be prepared to provide evidence of recently sold comparable properties to the board.
If you would like assistance understanding the myriad of factors that influence the value of your home or other real estate, please contact us. The team of experts at Sano Stante Real Estate have over three decades of experience evaluating unique Calgary Real Estate.