Calgary's 2025 Property Assessments: What You Need to Know

Calgary’s 2025 property assessments have been released, and if you’ve noticed a sharp increase, you’re not alone. Many homeowners I’ve spoken with—especially those considering selling—have been confused by their higher assessed values, thinking it directly reflects their home’s market value. While it’s easy to assume a higher assessment means a higher selling price, that’s not always the case.

How Are Property Assessments Determined?

Each year, the City of Calgary assesses properties based on market value as of July 1 of the previous year and their physical condition as of December 31. These values are then used to calculate property taxes, but they don’t always reflect what your home would actually sell for in today’s market.

This year, the total value of assessed properties in Calgary increased significantly, with residential properties seeing a typical increase of 15%. However, not all areas or property types are impacted the same way. Some neighborhoods may have seen even steeper jumps, while others remain closer to last year’s values.

Does a Higher Assessment Mean Your Home Is Worth More?

Not necessarily. Your assessed value is an estimate for tax purposes, not a guarantee of what your home would sell for. Calgary’s real estate market changes constantly, and a home’s true market value depends on various factors like recent sales in your area, buyer demand, and current economic conditions.

Can You Challenge Your Assessment?

Yes! If you believe your property assessment is too high, you have until March 21, 2025, to request a review. A higher assessment means higher property taxes, so if your assessed value seems out of line with market trends, it’s worth taking a closer look.

A Comparative Market Analysis (CMA) can help determine if your assessment is accurate by comparing recent sales of similar homes in your area. If there’s a significant difference, you can use this information to challenge your assessment with the City of Calgary.

What’s Next?

If you’re unsure whether your assessment is fair, I’d be happy to provide a free CMA and walk you through your options. It’s a simple way to make sure you’re not overpaying in property taxes.

Have questions? Let’s chat before the March 21 deadline!