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Factors in Property Assessment

As a municipality we are required to reassess all properties annually. Your current assessment is based on the market value as of July 1 of the previous year. 

What are the factors that affect my property’s value?

  • Style of home (examples: bungalow, bi-level)
  • Size of home
  • Size of the lot
  • Age
  • Basement or lower level finish
  • Quality of construction
  • Building condition
  • Location & Site influences (examples: golf course, lake, coulee view)
  • Other special features (examples: air conditioning, fireplaces, pools)

I paid $260,000 for my property. Why is it assessed for $267,000?

A range of sale prices results when similar properties are sold during the same time frame. Assessed values reflect the sales in the middle of this range of prices. That is why your assessed value may be higher or lower than the price you purchased your home for.

Questions about your assessment? 

Contact us and we'll be happy to discuss it further with you. You can also visit our Frequently Asked Questions page!

For more information

Phone: 311 or 403-320-3111 (if outside of Lethbridge)
Email: or
Address: City Hall, 1st Floor, 910 4 Avenue South, Lethbridge, Alberta, T1J 0P6