Calgary Property Assessments

Calgary Property Assessments

(January 30, 2007)  The City of Calgary mailed out 2007 Calgary Property Assessments yesterday, and posted the revised current market assessments online today (click link below to view assessments):

Calgary Property Assessments

Your 2007 property taxes will be based on these assessments, and depending on how much they've increased from last year, you may or may not be paying more property taxes:

• If your assessment is less than 43% higher than last year, your taxes should be less than in 2006
• If your assessment is about 43% higher than last year, your taxes should remain the same
• If your assessment is greater than 43% higher than last year, your taxes are likely going to increase

Areas with the largest tax increases - more than 10% - include Cliff Bungalow,  Discovery Ridge, Lower Mount Royal, Montgomery, North Glenmore and the Beltline communities.

These assessments are a poor indicator of the current market value of a property - I've viewed dozens today that range from 50% too low to 40% too high. If you're interested in a current market assessment of your Calgary home or condo, please contact us at 703-2404 or contact us.

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