Calgarians are getting their property assessments in the mail, and while many are within the average, it’s causing sticker shock amongst others.
Some city councillors say their offices are hearing about the assessments this week.
“In my ward it’s not just the condo units that have jumped significantly,” Ward 10 Coun. Andre Chabot said. “It’s those homes that are in the $500,000 to $650,000 range that have also increased disproportionately.”
According to the city, the typical single-family home is worth 14 per cent more this year, with values jumping from $610,000 in 2024 to $697,000 now.
Median condo values jumped to $359,000 this year — a 22-per cent increase from the $295,000 they were worth last year.
Calgarians can appeal their property assessment with the Assessment Review Board by March 31, but those may require evidence including photos and property description.
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