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My Property Assessment

What is a property assessment?

Your assessment is an estimate of the price your property may have sold for on the open market by a willing seller to a willing buyer as of July 1, of the previous year. Assessed values reflect the physical condition of the property as of December 31, of the previous year.

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My Assessment​

Assessment Review
Board

Income Producing Properties
  Residential Request for Information
     Relationship between  assessment and tax  
          

Background

Since 1995, Provincial legislation states that municipalities must use market value assessments to determine each property's fair share of revenue requirements from property taxes for municipal and provincial education services.

The market value standard has been used around the world since the 1970s. It is considered to be the most fair, equitable, and transparent manner to distribute property tax revenue requirements.

Market value assessment is a method that reflects the relative economic capacity and ability of property owners to pay taxes.

 

For more information:

City Hall, First Floor, 910 4th Ave S

P: 403 320 3950

F:  403 320 4956

E: assessment@lethbridge.ca


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