Edmonton Property Assessments
Alberta commercial property tax and assessment appeals
Review and appeal your commercial property tax with Alberta’s leading commercial property tax consultants.
Frequently asked questions
Get answers to some of the most frequently asked questions below. If you don't find the answer to your question or are unsure if our personal property tax service is right for your company, please feel free to contact us at [email protected].
Should I appeal my property assessment?
In Alberta, most commercial property values are calculated based on market value. However, with COVID-19 and other market variables, the value of specific asset classes has increased significantly, leaving property owners to pay higher property taxes.
If you feel your property tax assessment is inaccurate, you can engage Altus Group to act on your behalf and file an appeal with the Assessment Review Board. A successful appeal can result in you receiving a fair and equitable property assessment, saving you thousands in reduced property taxes.
How does the assessment appeal process work?
Both the City of Calgary and Edmonton determine the market value of your properties based on a valuation date of July 1 2022. Meanwhile, the Provincial and Municipal governments (taxing authorities) determine the property tax rates for each of the nine property classes and apply the applicable tax rate in early spring.
The government then applies this rate to the assessed value of properties and the City sends property owners a property tax notice and collects on behalf of the Province of Alberta.
How can I reduce my property tax?
Property assessment appeals are important in ensuring that a property’s tax burden is as low as possible. Among the things we look at to determine opportunities for assessment reductions and property tax savings:
- A full and thorough review of the assessor’s records and working papers
- Review and analysis of financial statements for the property, both current and historic (trending)
- Focus on both the income and expense sides
- Research and review of properties within the competitive set to ensure equity of the assessment and taxation burden
- Change in use of the property, in whole or in part
- How can Altus Group help with my property assessment appeal?
Our property tax teams in Calgary and Edmonton will review your property assessment thoroughly and assess the following:
- Was the correct assessment methodology applied? Note: there are different ways to evaluate the value of a property, such as income approach (office buildings, retail and industrial properties), direct comparison approach (residential), and cost approach (special purpose)
- Is the assessment correct and equitable?
- Was the appropriate interest valued?
- Does the value include business enterprise or intangible value?
- Are non-assessable assets included in the value?
- We will work with you to gather all your supporting evidence and prepare the required documentation to present at your Assessment Review Board hearing.
Why choose Altus Group?
If you are an owner of commercial property in Alberta and pay over $20,000 in property taxes annually, Altus Group can help you save thousands in reduced property taxes.
As a Canadian-owned company in operation for over 40 years, our national practice provides access to a wealth of information and market data on comparable properties across the country. Our property tax consultants use this data, combined with local expertise, to efficiently manage your tax liabilities and maximize potential tax savings.
Property assessments notices released
Property owners in Edmonton will receive an assessment notice that shows the assessed value of your property as of July 1, 2022.
Deadline to file an assessment appeal
Assessments can be challenged to either change the value or classification with the Assessment Review Board. Read our FAQs on ‘Should I appeal my assessment?’
Property tax notice mailed to property owners
Property owners in Alberta will receive their property tax notice. At this point, you cannot file a formal complaint against your property tax bill.
Jan 16, 2022
May
2023
Mar 24, 2023
Key dates
Property owners in Edmonton have received their annual property assessment notices from the City of Edmonton and the customer review period is now underway.
Property owners have 60 days until the appeal deadline to examine their assessments, collect advice from experts and, where necessary, appeal your assessments.
2023 assessment values will reflect the market as of July 1, 2022, 26 months after COVID-19 started to seriously impact Edmonton’s commercial real estate and deep into the oil price collapse. The negative effects on property values have been widespread and range from moderate to extreme, depending on asset class.
If you disagree with the assessed value of your property, contact us today!
We manage the entire process on your behalf, from appeal recommendations during the customer review period (CRP), to filing an appeal with the Assessment Review Board (ARB). During the customer review period (CRP), we review property assessments and current market data to make appeal recommendations based on value and equity.
1. We file a formal complaint with the Assessment Review Board.
2. We conduct a review of your properties and gather all the supporting documentation
3. We prepare the appeal strategy and provide recommendations
4. We present your case at the ARB hearing
5. We provide quarterly status reporting and constantly adapt your appeal strategy
Here is what to expect from Altus Group:
Our approach
Altus provides the global commercial real estate industry with vital actionable intelligence solutions driven by our de facto standard ARGUS technology, unparalleled asset level data, and market leading expertise.
A market leader in providing Intelligence as a Service, Altus empowers CRE professionals to make well-informed decisions with greater speed and scale to maximize returns (increase alpha) and reduce risk (minimize beta).
Founded in 2005, Altus is a publicly-traded (TSX: AIF), global company with approximately 2,600 employees across North America, EMEA and Asia Pacific.
We bring real estate assets into sharper focus
Rely on our experts to appeal your property tax.
Please note that the deadline to file an appeal is March 13, 2023 for Calgary and March 24, 2023 for Edmonton.
Appeal your property tax today!
Review your property assessment with our property tax consultants before the March appeal deadline.
March 13, 2023 - Calgary | March 24, 2023 - Edmonton
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Calgary Property Assessments
Property assessments notices released.
Property owners in Calgary will receive an assessment notice that shows the assessed value of your property as of July 1, 2022.
Property tax notice mailed to property owners
Property owners in Alberta will receive their property tax notice. At this point, you cannot file a formal complaint against your property tax bill.
Deadline to file an assessment appeal
Assessments can be challenged to either change the value or classification with the Calgary Assessment Review Board. Read our FAQs on ‘Should I appeal my assessment?’
Jan 4, 2023
May
2023
Mar 13, 2023
Key dates
Property owners in Calgary have received their annual property assessment notices from the City of Calgary.
Property owners have 60 days until the appeal deadline to examine their assessments, collect advice from experts and, where necessary, appeal your assessments.
This means you have until March 13 to review your assessment and file an appeal.
2023 property assessments are based on a valuation date of July 1, 2022, making it the second year that should reflect the impacts of the COVID-19 pandemic.
If you disagree with the assessed value of your property, contact us today!
Appeal deadline
Make sure you're not paying more than your fair share.
Request a free, no-obligation review today!
Why choose us?
No upfront costs - no fees until savings achieved
Local representation and expertise
Leverage our local knowledge and extensive data
40 years’ experience with more than 200 property tax consultants
If you are an owner of commercial property and pay over $20,000 in property taxes annually, Altus Group can help you save thousands in property taxes
At Altus Group, We have proven experience with assessment authorities, robust information technology capabilities, and professionals who will ensure optimal management of your property taxes. Let our experts make the process straightforward, and ensure you never miss a tax saving.
Property tax is the most significant variable operating expenses for commercial real estate owners and occupants. As current economic challenges continue in Alberta, it is more critical than ever that your assessment(s) be reviewed for accuracy. This will ensure you and your tenants are not paying more than what is fair and equitable.