This notice advises you of:
- Your new current assessed value
- Your tax classification and tax liability for Provincial Education, Green Acres, and Municipal taxes
- Your legal description (Plan;Block:Lot)
- Your declared school support
- Your complaint deadline
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For the 2020 tax year overall property assessments for single family dwellings decreased about 1.4% on average, as of July 1, 2019 compared to the previous year's assessments.
To view the average assessment change for single family dwellings in your neighbourhood from July 1, 2018 to July 1, 2019, click here.
A supplementary property assessment is done when a new building, renovation or an addition to an existing building is completed in the current calendar year. The supplementary tax bill will reflect the number of months the building was completed or occupied during the year.
Provincial legislation requires that your City apply the same tax rates to supplementary assessments that were applied for annual property tax purposes. This includes both the Municipal tax rate and the Provincial Education tax rate.
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.
"Market Value is the amount that a property...might be expected to realize if sold on the open market by a willing seller to a willing buyer."
Municipal Government Act Section 1(n), Province of Alberta.
Municipalities are required to reassess all properties annually. Your current assessment is based on the market value as of July 1 of the previous year.
Assessed values are reviewed at three points in the valuation process:
By the City's internal checks and balances
By the Alberta Government's annual assessed audit process
By individual property owners' review of their notice
You may wish to use the Property Information WebMAP
http://gis.lethbridge.ca/propertyinfo/ to compare your assessment to your neighbours and other similar properties that have recently sold. You can also contact your Assessment Department with any questions or for more details on your assessment. We would be happy to assist you and answer any inquiries.
All property assessments can be searched
on the Property Information WebMAP.
All assessed values included on the assessment roll are available at the Assessment and Taxation Office and include:
If you'd like detailed information on other properties, general property searches can be provided to you for $25, assessment summary reports for $30 for single family houses and $50 on all other property types.
At your City's Assessment Department, we welcome any inquiries regarding your assessed value. If there are errors in the physical characteristics recorded, the appraiser will amend the assessment accordingly.
The image below outlines the actions you can take to help ensure your assessed value is correct:
> Learn more about the Assessment Review Board
To meet Provincial Government audit guidelines, and to assist in calculating fair assessments for all property, the assessment office must update recorded property characteristics at least once every five years. Assessors have various ways to collect information, they include:
- Completing physical inspections of homes
- Requesting property owners to complete self-reporting requests for information (RFI)
- Review of sale and listing information
- Review of permits
- Use of the City aerial photography
- Complete outside inspections