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Home    Municipal Services    Property Assessment    2014 Property Assessment Notes

2014 Property Assessment Notes

 

The Town has mailed the property assessment notices the week of March 10. Over 10 thousand assessment notices will be in the mail, however, no payment is due at this time.  

Please review your assessment notice carefully. Property owners may contact a Town Assessor to discuss their assessment during the inquiry period. The last day to file a complaint is Friday, May 9.

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 2014 annual property assessment reflects the market value of property as of July 1, 2013 and includes any physical changes (e.g. garage) that have occurred up to December 31, 2013 as required by the MGA.
 
The 2013 residential market value changes occurred throughout the town with assessment value shifts on average, ranging from -3% to +3% in the majority of Okotoks.

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 2012 assessment values, however, the current assessments reflect typical values for the mid-point of 2013 and not March 2014.