Average residential property assessment in Calgary up 15%, owners starting to get 2025 notices

More than 595,000 Calgary property owners will start to get their 2025 Property Assessment Notices on Friday.

The city is mailing out the notices a week behind schedule due to the Canada Post strike.

Property assessments are prepared annually for the purpose of taxation, according to the city. Assessments reflect the market value of a property on July 1 of the previous year. Property tax is calculated and billed annually using the assessed value and the property tax rate approved by council.

Property valuation in Calgary up overall

The city says the total value of the 2025 Assessment Roll is $442 billion, an increase of $55 billion from last year.

The typical residential property increased in value 15 per cent over the previous year, while the typical non-residential property saw a change of three per cent.

According to the city, the average single residential assessment this year is $697,000, compared to $610,000 last year.

The average condo assessment rang in at $359,000, up from $295,000 in 2024.

”The most significant property value increases are seen in residential condominiums,” says Eddie Lee, City Assessor/Director of Assessment & Tax. “This property type has been particularly attractive due to strong demand for lower priced housing options in the residential market.”  

Calgarians have chance to review assessment

The customer review period is an important for property owners to check, compare, and review their assessment for accuracy, fairness, and equity.

Property owners are encouraged to visit calgary.ca/assessment to access the secure online assessment search tool to review the details of their property and market trends report, compare their property with other similar properties, and sign up for eNotice.

The Ask the City Assessor event has been rescheduled from Jan. 14 to Jan. 21, from 7 to 8 p.m., due to delays caused by the Canada Post strike.

The city is encouraging property owners to sign up to receive their property assessment notices electronically through their Assessment Search account, saying this initiative helps reduce the costs associated with printing and mailing the notices and mitigates the reliance on mail delivery services.

Tax increase passed by council

Council passed a revised budget in November following a week of deliberations and amendements. Ultimately, the property tax increase remained at the initially proposed 3.6 per cent.

This means an extra $8.37 for a single-family home and an additional $5.09 in waste and recycling, adding up to an additional $13.95 a month.

Heading into the city’s mid-cycle budget deliberations there were a group of five councillors looking to find millions of dollars in savings in a bid to not see a property tax increase.

Many of those motions ended up failing.

Some of the amendments passed included more funding for improved road quality, transit, an over-budget gun range for the Calgary Police Service and funding for parks and recreation.