Medicine Hat – Property Assessment Notices were mailed to property owners today.
“We are committed to providing a fair and equitable allocation of taxes to property owners,” said Dennis Egert, General Manager, Finance. “The 2017 assessment roll reflects market values and offers a level of stability expected by tax payers.”
Overall, the 2017 assessment roll increased by 0.33 per cent, from $8.58 billion to $8.61 billion. The City’s valuation date for the 2017 assessment roll was July 1, 2016 as legislated by the Municipal Government Act.
Single family homeowners will see a median assessment decrease of 0.2 per cent. Non-residential property owners will see a median assessment increase of 1.8 per cent.
“Despite the downturn in the economy, local non-residential market sales remained relatively strong and we saw only slight increases in vacancy rates,” Egert said. “We continued to see growth in construction, including renovation, expansion and new development, albeit less than the previous year.”
Legislation allows property owners 60 days from the assessment notice mailing date to review and discuss any concerns with the City’s Assessment Department. It is important to contact the Assessment Department for an explanation before filing an appeal. Also, purchasers of property should obtain or confirm the assessment value if the sale occurs during the appeal period. Property assessment appeals must be received by the Clerk of the Assessment Review Board by May 1, 2017.
City Council sets the annual tax rate in April, notices will be mailed in May and tax payments are due June 30, 2017. Property owners and purchasers should review their Assessment Notices before the 60-day appeal period ends as Property Tax Notices cannot be disputed after this date.
Additional information can be found on the City website at www.medicinehat.ca or by contacting the Assessment Department at 403.529.8114.
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For further information, please contact:
General Manager, Finance
City of Medicine Hat