- Feb.13, 2024 Property Assessment Notices Mailed
- April 22, 2024 Complaint Due Date
- May 17, 2024 Annual Tax Notices Mailed
- June 28, 2024 Payment Due
Understanding your Property Assessment Notice
Market value, as defined in the Municipal Government Act 1(n), means the amount that a property might be expected to realize if it is sold on the open market by a willing seller to a willing buyer. Market value assessments are calculated by using mass appraisal techniques that determine property values by grouping similar properties as of a specific date.
The purpose of assessment is not to reflect a single sale price but to assess all properties at typical market value on the same valuation date so that taxation is fairly and uniformly shared. The assessed value as shown on your current year notice is based on the economic conditions on July 1 of the previous tax year and the physical condition and characteristics of the property as of December 31 of the previous tax year. With this in mind, please compare your current assessed value to the market conditions as of July 1 of the previous tax year and not to current market conditions.
Your yellow Assessment Notice is not your tax bill.
Assessment Notices are mailed by the first week of March, and owners have 60 days to review the assessment, and the dates are outlined on the Notice. The 60-day Customer Review Period is the only opportunity to review and ensure the fairness of your market value property assessment. This assessment is the basis on which your property taxes are calculated.
If you have questions regarding your property assessment, please contact Benchmark Assessment Consultants, the Town of Canmore's contracted assessor. For information about the assessment appeal process, visit Filing an Assessment Complaint.
An assessed person is entitled to see or receive sufficient information about that person's property in accordance with Section 299 of the Municipal Government Act or a summary of an assessment in accordance with Section 300 of the Act, or both. Reviewing the Assessment for the current year tax purposes means looking at the assessed value displayed on the Notice and being satisfied with the market value of the property given Canmore's real estate market as of July 1, of the previous tax year.
The Assessment Roll is a listing of the assessed value of all properties within the Town of Canmore for the period shown. The Assessment Roll links below reflect assessed values as of the date of the document. A copy of the complete Annual Assessment Roll with more detailed assessment information may be viewed in person at the Town of Canmore Civic Centre location.
The Provincial of Alberta sets the legislative framework for property assessment in Alberta through the Municipal Government Act. In compliance with this legislation, the Town of Canmore delegates an assessor to prepare assessments annually. This assessor ensures that the assessment complies with the Standard of Assessment Regulation as set out in the Municipal Government Act. The Audit Branch of Alberta Municipal Affairs monitors assessments to ensure assessors have applied legislation properly and that assessments are prepared using the same value standards for all properties and that the resulting assessments are fair and equitable. The Town of Canmore and Province of Alberta use these values when they each calculate the municipal and education portions of the total property tax levy.
You can also download the Alberta Guide to Property Assessment or Filing Property Assessment Complaint.
The 60-day Customer Review Period is your opportunity to review and ensure the fairness of your market value property assessment (used for current year property tax purposes) and to learn more about how your assessment was determined. Remember, your assessment is the basis on which your property taxes are calculated.
Visit Filing an Assessment Complaint page to learn more about the appeal process.
Your Assessment Notice is not your tax bill. Assessment value is used to calculate your property tax levy using the following formula:
Assessed Property Value X Total Mill Rate / 1000 = Tax Levy
Annual Municipal Tax rates will be set by your Town Council in May. The Education Tax requisition is set by the Government of Alberta. Visit Tax Rates to learn more about the current year's mill rate.
Annual Tax Notices are mailed in late May with a payment traditionally due on the last business day of June.
The Municipal Government Act (section 290.1) states that every unit, including titled parking stalls and storage units of a condominium must be assessed. In residential and/or business condominium properties, separately registered titled parking stalls, and storage units are assessed separately from living/office units because they are separately titled, hold value, and can be sold separately. The property unit and the parking stalls are assessed separately and when added together represent a total value that is in line with, or reflective of, property sale samples of a similar type in a similar area. To enroll on an automatic withdrawal program for the annual payment, visit Tax Installment Payment Plan.
For a list of Frequently Asked Questions about property assessments, visit Property Assessment & Tax FAQs