Property owners will receive their 2017 Property Assessment in the coming week after The City mailed out assessment notices today. Owners are reminded to review their assessment notices carefully to ensure the information is accurate.
“It is important for owners to review the information on their Property Assessment Notice because we use this value to calculate the 2017 property taxes,” said Brian Lutz, City Assessor for The City of Red Deer.
Each Property Assessment is based on the property’s market value as of July 1, 2016 and its physical condition as of December 31, 2016. Any changes to the real estate market or condition of a property after these dates will be reflected in next year’s assessment. For this reason, residential property owners may notice their current assessed value may differ from a real estate appraisal.
“A property’s assessed value may increase or decrease from year to year,” said Lutz. “If the real estate market fluctuates, your home’s assessed value is likely to change too.”
If property owners believe there is an error in their property assessment notice, they should contact The City of Red Deer’s Assessment & Taxation Services and arrange an appointment to speak with an assessor.
If property owners aren’t able to resolve their concerns through a conversation with an assessor they can submit a written appeal to the Clerk of the Regional Assessment Review Board. There are specific requirements in the filing of an appeal so property owners are encouraged to submit appeals early to ensure there is enough time for processing and review.
The deadline to submit an appeal is March 21, 2017. Details on submitting an appeal are online at www.reddeer.ca/RARB.
Property owners who do not receive an assessment notice by January 31, 2017 should contact Revenue & Assessment Services. Residents are reminded that while property assessments can be appealed your property tax bill cannot.
For more information about property assessments and taxes with The City of Red Deer, visit .
For more information, contact:
The City of Red Deer
Communications & Strategic Planning
The City of Red Deer