2019 Calgary property assessment shows slight dip in residential value

Jan 4 2019, 6:11 am

Homeowners around Calgary can expect a letter from the city sometime soon with an assessment of their property.

The Assessment Notices were mailed out on Thursday, January 3 to half a million Calgarians, with the same day kicking off the two and a half month-long 2019 Customer Review Period wherein homeowners can review the accuracy of their assessment.

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“We are committed to delivering fair and equitable assessments and have put considerable emphasis, energy and resources to working collaboratively with property owners to address any questions or concerns,” said City Assessor Nelson Karpa.

“Now that the notices are mailed, we encourage all property owners to use the Customer Review Period to check, review and compare their assessment and to get their questions answered.”

The Customer Review Period runs from January 3 until March 12.

Overall, the total value of the assessment roll landed at $306 billion, according to a release from the City of Calgary.

The release also stated that a typical residential property’s market value only went down 1% since 2018, though a typical non-residential market value dropped 12% in the same timespan.

“Overall, we’re seeing stable property values for single residential and a minimal decrease in property values for condominiums,” Karpa said in the release.

The median single residential assessment for 2019 is now $475,000, down $5,000 from one year ago, and the residential condominium assessment dropped $5,000 as well, from $260,000 to $255,000.

If you don’t want to wait on Canada Post to deliver your updated value, you can head over to the City of Calgary’s assessment search, find your address either in their search bar or on the map, and find out your property’s 2019 assessment in a few clicks.

property assessment

Map of Calgary property assessment 2019 (City of Calgary)

Expect not to like what you find, given that Calgary properties’ value is generally dipping in a downward direction.

Anyone can check out the basic assessment value on the site, though you’ll need to sign up to get access to the in-depth information about your property, including comparisons, search tools, and account management.

While there, Calgarians will be capable of signing up to get their future property assessments electronically — because it is 2019, after all.

“We continue to enhance the information and services we offer online so customers can efficiently and conveniently access tools and resources to conduct their assessment review,” said Karpa in the release.

Homeowners will have until March 12 to file complaints about their assessments, and property tax bills will be mailed in May and due in June of this year.

DH Calgary StaffDH Calgary Staff

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