What Is A Property Assessment?

This table covered in fruit, hot wheels, light foliage and smoothie ingredients probably has you asking the obvious question: what is a property assessment?

A property assessment is the City of Edmonton’s estimate of your property’s market value as of July 1st of the previous year. The assessed value of your property helps determine your share of the property taxes collected by the city. If you’re curious --

• How are properties assessed?
• Why is the assessed value different from what I recently paid for my property?
• What are the dates I need to look out for?
• And how does the assessment affect the property taxes I pay?

Save yourself a search (and some potentially dry reading) and watch one of these videos where we answer your questions using fun, and occasionally delicious, visual aids.

Get more property assessment information as full of fiber as this one by checking out the rest of our videos or by visiting http://edmonton.ca/assessment.

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