We understand that being apply to properly account for the value of your property is an important part of being a responsible owner.
Being knowledgeable about property assessment allows you to make informed decisions on purchasing a home or appealing property assessment values may be incorrect on your property tax notice.
Property assessment refers to the reasonable market value of your property and creates a more equitable and comparative evaluation of all properties.
The values obtained here are based on the most recent information that can be obtained.
Moreover, all properties are re-assessed every year.
The effective date of the assessment, in this sense, is the 31st of December of the previous year.
It is important to note that the property assessment is different from property appraisal.
In a property assessment, the assessor is involved with determining the value of properties in a comparative manner for property tax purposes.
A property appraisal, on the other hand, is a mortgage process requirement to secure that a loan will be guaranteed by the value of the property.
Assessments are required by municipal governments for the formulation of realistic policies related to a designated taxation area.
For more information regarding assessment inquiries, contact us at (403) 823-1314 or get in touch with our assessors directly at (403) 343-3357.