Frequently Asked Questions Contacts - Addresses and Phone Numbers Tax Facts Assessment Facts Assessment Valuation Factors Assessment Review Board Facts About City of Edmonton Property Assessment Property assessment is done each year based on the previous year s market values. The assessment s a major element in determining the amount of municipal and education tax each property owner will pay. Property assessment is used in combination with a mill rate, set each year by City Council, to determine municipal property taxes. Market value assessments were introduced in 1999 as a fair and more equitable way to calculate property values.
Assessments reflect the market value of properties in Edmonton and are updated every year.
2001 property assessments reflect changes in home sale trends like location, property and neighbourhood improvements, and general economic trends. Essentially, assessments are determined by the selling price of property. People who feel their assessment is incorrect should talk to an Assessor first. Usually, concerns about an assessment can be resolved quickly without a formal appeal. May 28 Assessment notices mailed to all property owners.