The City of Calgary 2011 Property and Business Assessment Rolls & Key Findings

Posted by Jeff Mikolajow on Tuesday, January 4th, 2011 at 2:00pm

If you are looking to find the assesed value of your house or condominium you can use the City of Calgary's Assessment Search Tool located at https://assessmentsearch.calgary.ca/ to search by address, map or community.
 
2011 Property Assessment Roll
  • Based on the market value of property as of July 01, 2010.
  • Total number of accounts on the 2011 Property Assessment Roll is 447,000.
  • Total value of the 2011 Property Assessment Roll is $231 billion.
  • As a result of the 2011 Assessment, the typical residential property assessment change is 8% between 2010 and 2011.
  • This year, approximately 93% of residential properties’ revenue neutral taxes will be within plus or minus 10% of last year’s taxes.
    • 45% or just under ½ of residential properties will see a revenue neutral tax decrease due to the 2011 assessment.
    • 55% or just over ½ of residential properties will see a revenue neutral tax increase due to the 2011 assessment.
  • 2011 median single residential assessment (excluding condominiums) is $410,000 compared to $374,000 in 2010.
  • 2011 median residential condominium assessment is $250,000 compared to $233,000 in 2010.
  • As a result of the 2011 assessment, the typical non-residential property assessment change is -8% between 2010 and 2011.
  • This year, approximately 44% of non-residential properties’ revenue neutral taxes will be within plus or minus 10% of last year’s taxes.
    • 32% or just under ⅓ of non-residential properties will see a revenue neutral tax decrease.
    • 68% or just over ⅔ of non-residential properties will see a revenue neutral tax increase.
  • Any changes to the real estate market after 2010 July 01 will be reflected in values prepared for the 2012 Property Assessment Roll.
2011 Business Assessment Roll
  • Based on the typical net annual rental value of business premises as of July 01, 2010.
  • Total number of accounts on the 2011 Business Assessment Roll is 25,530.
  • Total value of the 2011 Business Assessment Roll is $2.7 billion.
  • As a result of the 2011 assessment, the typical business assessment change is -14% between 2010 and 2011.
  • This year, approximately 34% of businesses’ revenue neutral taxes will be within plus or minus 10% of last year’s taxes.
    • 30% of businesses will see a revenue neutral tax decrease.
    • 70% of businesses will see a revenue neutral tax increase
  • Any changes to the typical net annual rental market after 2010 July 01 will be reflected in values prepared for the 2012 Business Assessment Roll.
 

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