You should have already have received your City of Calgary 2016 Annual Assessment Noticesby now. This is the assessed value of your property, which substantiates how much tax you have to pay on it. Simply speaking, the assessment places a dollar value on your home for tax reasons.
It is not possible for the City of Calgary to physically appraise each house, so assessments are based on the fair market value of the property. A number of key factors such as age, size, layout, traffic noise, proximity to establishments like schools, parks, restaurants, etc. help determine the assessment amount.
Your property assessment should manifest the overall market of the previous year; for example, the assessed value of your property will most likely decrease if