Most likely, you've already received your property tax assessment from the City of Calgary. Although the City doesn't have enough staff to look at every house, it bases the assessment on several key things such as age, size, layout, traffic noise, proximately to things like schools, etc. Here are some helpful tips for better understanding your assessment.
What is it?
This assessment makes sure the value of your home reflects how much tax you have to pay on it. So in other words, the assessment places a dollar value on your home for tax purposes.
Why did I see an increase or decrease from last year?
Your property assessment should reflect how the overall market did last year. If houses in your neighbourhood didn't sell as well as they did the year before,