Your Property Assessment
The assessed value is used to calculate your property taxes. Any error on your property assessment notice could impact the amount of property tax you are billed. Since tax bills are not disputable, it is important to review your property assessment notice before the appeal deadline.
Market value assessments are prepared utilizing Mass Appraisal. For residential property, assessors collect, review and analyze information from all arms-length real estate sales transactions that occurred over a 12 month period. The quality, size, feature, and age of your home are some of the factors in determining the final value of your property.
Since your property assessment is based on market value, it is affected by market changes caused by supply and demand. Your assessment will also be influenced by improvements or modifications you make to your property.
The City of Red Deer's assessment and tax timeline is as follows:
- January 4, 2021: property assessment notices mailed
- January 12, 2021: Staff available to respond to questions about your property assessment
- March 15, 2021: Property assessment appeals must be received by the clerk of the Assessment Review Board
- May: Council sets the tax rates
- Late May: Property tax bills mailed
- End of June: Property tax payments are due on the last business day
Applications for non-profit organizations for property tax exemptions are accepted on an annual basis.
Supplementary assessment reflects the increase in value of a property during the current tax year. Supplementary tax is the amount of tax levied on the supplementary assessment only.
Need help understanding your property assessment notice? View an interactive sample.
You can use the Assessed Value map in Web Map to compare the assessed value of your property with others in your neighbourhood or throughout the city.
City of Red Deer property assessors do property inspections for information required to complete the annual assessment.
To meet the Provincial Government audit guidelines, and to assist in calculating fair valuation of all property, the assessment office must update recorded property characteristics at least once every five years.
As part of our commitment to ensuring the highest degree of accuracy for our annual assessments, we conduct ongoing market research which includes tenant/occupancy status of individual properties and the details relating to such.
Have you recently moved? It is your responsibility to notify us.
As a property owner, you are entitled to see or receive sufficient information about your property and a summary of any assessment in accordance with sections 299 and 300 of the Municipal Government Act.
Revenue & Assessment Services
For residential square footage information, email email@example.com or call 403-406-8808.