- Why am I receiving my assessment notice now?
- What is the "Tax Amount" shown on my assessment notice?
- How are property taxes related to assessed property values?
- Why haven't I received my property assessment notice?
- Is this a property tax bill?
- My property assessment decreased. Will my taxes decrease?
- I just purchased my property. Why is the property assessment higher than the price I paid?
- The information for my property is incorrect on the website. How do I get this information corrected?
- What if the size of my home, as indicated on the City's website, is wrong?
- I filed an assessment complaint last year and received a reduction in my assessment from the Assessment Review Board. Why isn't that reduction reflected in my new assessment?
- How do I arrange for a re-inspection of my property to ensure that the information used to calculate my assessment is correct?
- 1. Why am I receiving my assessment notice now?
Receiving your assessment notice early in the year gives you the opportunity to review your property's updated market value assessment and contact us if you have any questions or concerns. If an error on your assessment notice is confirmed, an amendment to the assessment can be made before final tax notices are mailed in May. Your assessment notice can also help you begin to plan ahead for your tax payment, which is due on June 30. The Tax Estimator Tool can help you estimate your tax bill, based on your property assessment and your estimate of the percentage increase in municipal taxes and provincial education taxes.
If you are not on the monthly payment plan, you may want to consider doing so. The Tax Facts page has additional information about the month payment program.
- 2. What is the "Tax Amount" shown on my assessment notice?
On the front of your property assessment notice, there is an amount that shows the estimated amount of property tax you would pay due to the change in your property’s assessed value. This estimated amount does not factor in changes to the 2013 City budget or the 2013 provincial education property tax requirement, both of which will be finalized after you have received your assessment notice.
- 3. How are property taxes related to assessed property values?
The provincial government establishes the rules by which to value property. All property in Alberta, including Edmonton, ios valued based on its market value July 1 and its condition as of December 31. The assessment notice you receive in January will reflect the market and condition of your property in 2012.
The amount of taxes distributed to all property is based on the City's budget requirements from taxes and the provincial education amount. Once these two amounts are finalized, which occurs in April, the budget requirement is simply divided by the total assessment.
This means that every residential property, whether the assessed value is $250,000 or $500,000, has the same tax rates applied to it. The $250,000 home would have a tax bill that is half that of the $500,000 home.
Apartment property owners (four or more dwelling units) have a tax rate that is 15% higher than residential. This means that $500,000 of apartment assessed value will pay 15% more than a residential home. Commercial and industrial property has a tax rate that is about three times higher than residential.
- 4. Why haven't I received my property assessment notice?
Property assessment notices were mailed on January 2, 2013. If you have not received your notice by the end of the second week in January, please contact us and we will have another notice issued. Call 311.
If you purchased a property between November 15 and December 1, you should receive your assessment notice by January 24. If not, please contact us.
- 5. Is this a property tax bill?
No. Your property tax bill will be mailed to you at the end of May.
- 6. My property assessment decreased. Will my taxes decrease?
Your property taxes will decrease only if:
- Your property assessment decreased more than the average overall market value change of all residential properties (including apartments).
- Your property assessment decrease is enough to offset the average 3.3% municipal tax change for residential properties and any changes to the provincial education tax portion of your tax bill.
The City does not get extra revenue when overall property assessments increase nor does the City receive less revenue when overall property assessments decrease. Property assessment is simply the mechanism used to distribute the total property tax requirement fairly among tax payers.
- 7. I just purchased my property. Why is the property assessment higher than the price I paid?
The Alberta Government legislates that all property must be assessed annually and must reflect typical market value as of July 1 of last year. Sales occurring up to and including last July 1 have been used to determine property assessments for the current taxation year, along with any physical changes recorded to December 31. The assessed value of your property fluctuates annually with real estate market activity.
Depending upon the time of the year you purchased your property, the sale price could be either higher or lower than the assessment. Typically, the assessed value is within 10% of the purchase price.
- 8. The information for my property is incorrect on the website. How do I get this information corrected?
If you find an error in the information appearing on the website, please contact us:
It is important that you contact us as quickly as possible so that any necessary corrections can be made and an amended assessment notice mailed, if appropriate.
- 9. What if the size of my home, as indicated on the City's website, is wrong?
Measurements used for assessment purposes reflect exterior measurements and may differ from what your builder has stated. If you believe that incorrect measurements have been used to calculate your assessment, please contact us.
- 10. I filed an assessment complaint last year and received a reduction in my assessment from the Assessment Review Board. Why isn't that reduction reflected in my new assessment?
Provincial legislation requires that all municipalities, including the City of Edmonton, determine the value of every property in their municipality each year. The City must revalue all property for assessment purposes reflecting the market value of the property as of July 1 of the previous year. The assessment department takes into account, in the assessment, all attributes that affect the market value of property at that time. If the reduction given by the Assessment Review Board was given for an attribute or any reason that is not reflected in the marketplace as of July 1, it will not be reflected in the new assessment.
- 11. How do I arrange for a re-inspection of my property to ensure that the information used to calculate my assessment is correct?
Please contact us and we will arrange for an assessor to re-inspect your property.
For more information:
|Telephone||In Edmonton: 311
Outside Edmonton: 780-442-5311