On March 11th, the Town of Okotoks mailed the Annual Property Assessment Notices for 2013. The Town of Okotoks Assessment Services is governed by the Municipal Government Act (MGA) and civic bylaws. Assessment Services is obligated to abide by legislation and bylaws by completing annual property assessments using the market value standard within a mass appraisal process.

The 2012 annual property assessment reflects the market value of property as of July 1, 2012 and includes any physical changes (e.g. garage) that have occurred up to December 31, 2012, as required by the MGA.

2012 residential market values decreased throughout the town with assessment value shifts ranging from approximately -3.2% to +3.2%.

All persons receiving an assessment notice are encouraged to review their assessment information contained within the document. Property owners with questions about the market value estimated for their property are encouraged to access the assessment information by clicking here.

The webpage provides answers to many questions about assessment as well as providing links to other sources of information to assist in determining whether there is an inequity or error in your property assessment. Should you still have questions please contact Assessment Services at assessment@okotoks.ca.

It is important to remember that real estate is dynamic and values change over time as the market responds to economic influences. The current market may reflect property values that are different from 2011 assessment values however the current assessments reflect typical values for the mid-point of 2012 and not March 2013.