Our property tax consultants can help you avoid overpaying taxes. We start by reviewing your property assessment to ensure it is fair and accurate. In the case of discrepancies, we can work with the municipality to have your assessment adjusted to ensure you are not overpaying.
Published: February 29, 2024
Updated: February 29, 2024
Prepared annually and mailed out early in the year, various property owners across the province of Alberta should have already received their property assessments. These assessments are a municipal responsibility and as such, the appeal deadlines differ by jurisdiction.
Crucial deadlines are fast-approaching to address your 2024 property tax liability and to potentially challenge your property assessment:
- City of Calgary - March 11th, 2024
- City of Lethbridge - March 11th, 2024
- City of Red Deer - March 12th, 2024
- City of Edmonton - March 25th, 2024
It is important for property owners to ensure their property is assessed accurately to avoid overpaying property taxes and encountering inconsistencies in their property’s valuation.
How are property assessments calculated?
Assessments are conducted annually in Calgary and Edmonton using a valuation date of July 1st from the prior year. This means your property assessment in 2024 is based on a market value as of July 1st, 2023.
Once assessments are applied, in its simplest form, property taxes are calculated by multiplying the municipality’s tax rate by the property assessment.
How BDO can help
The information in this publication is current as of February 21, 2024.
This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact BDO Canada LLP to discuss these matters in the context of your particular circumstances. BDO Canada LLP, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it.