Annual Property Assessment
The City of Edmonton uses the property assessment process, as legislated by the provincial government, to ensure all Edmonton property owners pay their fair share of municipal and provincial education property taxes.
Watch: Property assessments explained using fun, visual aids
Assessment process in detail
What assessors look for
Every year, the City assessors capture the conditions of Edmonton’s real estate market as of July 1. Then, they review and analyze the data received throughout the year from different sources to establish most probable value your property would have sold for on the open market.
City assessors use similar criteria that property appraisers and real estate agents use when pricing a home for sale. For example:
- Style of home (for examples, bungalow or bi-level)
- Size of lot
- Size of home
- Year built
- Basement or lower level finish
- Garage (for example, size, detached or attached)
- Building condition
- Type of roof
- Fireplaces, air conditioning or other special features
- Locational factors (for example: proximity to golf courses, lakes, parks, river valley, commercial development and high traffic routes)
- Swimming pools and associated buildings
Information resources used by the City include
- Property sales
- Alberta Land Title office records
- City records (for example, permit and construction information)
Your current property assessment notice indicates the City’s estimate of your property’s market value—the amount it would have sold for in the open market—on July 1 of the previous year. And, it is adjusted for any changes in physical condition recorded by December 31. Provincial legislation establishes these dates and requires that property assessed values be estimated every year.
If your property was only partially complete as of December 31, your assessment notice will reflect the value of the land plus the value of the building, based on its completion percentage. The City will issue a supplementary assessment notice that will reflect the value of newly completed construction.
Assessment to tax relationship
The City uses the assessed value of your property to calculate the amount of provincial education and municipal property taxes you pay in proportion to the value of the real estate you own.
A change in assessed values affects property taxes in the following manner:
Average assessed value increase
Average municipal tax increase
Higher than average assessed value increase
Higher than average municipal tax increase
Lower than average assessed value increase
Lower than average municipal tax increase
To determine if your tax increase will be more or less than the average, review our assessment change reports to compare the percentage change in the assessed value of your property with the average assessment change for all residential properties in Edmonton. Also, take advantage of our tax estimator.
When you receive your property assessment notice in January, take time to fully review it. You have 60 days from the time the assessment notice is mailed to review and correct the information stated on your notice.
Access the following resources for more information:
Forms: Request changes to your account information, request assessment documents or submit other changes that require your signature.
Maps: Browse interactive maps to review basic assessment information about Edmonton properties and see what municipal facilities and services are available within your neighbourhood.
Tax Estimator: Estimate what your taxes will be—based on your current assessment and the estimated increases in municipal and provincial education tax.
Or, review ways to address concerns.
Amended property assessment
If the City or a property owner discovers an error, omission or incorrect description in any of the information shown on the property assessment notice, the City may issue an amended assessment notice.
The City mails amended assessment notices throughout the year, whenever an error or omission is found. You have 60 days from the time of the mailing to review the notice.
If you’ve come across an error in your notice or disagree with information stated on your amended assessment notice, review ways to address concerns.
Purpose by legislation
Market value assessment has been recognized around the world since the 1970s. It is considered to be the most fair and transparent manner to distribute property taxes.
Provincial legislation states that Alberta municipalities must use market value assessment to determine each property's share of the property tax requirement of the municipality and the provincial education portion of property taxes.
Government of Alberta legislation requires the City to update your property assessment annually, based on market value assessment.
To ensure assessed values are fair and accurate, they are reviewed at three levels:
- the City’s internal checks and balances,
- the Alberta government's annual assessment audit process and
- individual property owners’ review of their notice.
Supplementary Property Assessment
Supplementary property assessment is a process the City of Edmonton uses to establish the value added to your property due to new construction during the current taxation year. This process ensures that newly built properties pay their fair share of property taxes during this taxation year.
Watch: What is supplementary assessment?
Supplementary assessment and tax notices
You would receive supplementary assessment and tax notices because the value of your property has increased during the current taxation year due to new construction. This added value was not included in the annual property assessment and tax notices.
Your supplementary property assessment notice indicates the amount your property assessment has increased as a result of new construction. Your notice also shows the number of supplementary months (months your property was completed or occupied).
Your supplementary property tax notice indicates the additional amount of property taxes you are required to pay this taxation year. You must pay this amount by the deadline date indicated on the notice.
For More Information
|Telephone||In Edmonton: 311
Outside Edmonton: 780-442-5311