How are property assessments calculated?
Assessments are conducted annually in Calgary and Edmonton using a valuation date of July 1st from the prior year. This means your property assessment in 2024 is based on a market value as of July 1st, 2023.
Once assessments are applied, in its simplest form, property taxes are calculated by multiplying the municipality’s tax rate by the property assessment.
How BDO can help
Our property tax consultants can help you avoid overpaying taxes. We start by reviewing your property assessment to ensure it is fair and accurate. In the case of discrepancies, we can work with the municipality to have your assessment adjusted to ensure you are not overpaying.
The information in this publication is current as of February 21, 2024.
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