2021 Assessment Roll Briefing Jan. 14, 2021 · Jan. 14, 2021 | Presentation 15. V05 June 2020 Hailstorm Jan. 14, 2021 | Presentation 16 June 13 Secure logon Assessment Search July

V05 1

Ja

2021 Assessment Roll Briefing

Jan. 14, 2021

V05

Agenda

2

1. Introduction

2. 2021 Property Assessment Roll

3. Residential Assessment Findings

4. Non-residential Assessment Findings

5. Customer Review Period

V05

Assessment’s Annual Cycle

3

July 1, 20202021 property

assessment

valuation dateDec. 31, 20202021 characteristics and

physical condition of

property on this date

Jan. 14, 20212021 Property Assessment

Notice mailing

March 23, 2021 2021 Customer Review

Period ends

2021 Customer

Review Period2021 Pre-Roll

Consultation Period

Jan. 14, 2021 | Presentation

V05 4Jan. 14, 2021 | Presentation

2021 Property

Assessment

Notice Mailing

Jan. 14

Preparing the

2021 Property

Assessment Roll

during COVID-19

Assessment

Request for

Information data

timelines

extended

Pre-Roll

Consultation

Period extended

by three weeks

V05

2021 Pre-Roll Consultation Period Findings

5Jan. 14, 2021 | Presentation

Oct. 1 to Nov. 27, 2020

11th annual Assessment Pre-Roll

Consultation Period:

• Had more than 1400 discussions.

• 1,686 valuation agreements were

made.

• Agreed to more than 21 billion in

assessed value.

Benefits:

• Owners: Better able to understand and

anticipate their share of non-residential

property taxes.

• The City: Increased tax certainty of

one-third of the overall taxable

non-residential base.

Pre-Roll Agreements

Va

lue A

gre

ed

Nu

mb

er

of A

gre

em

ents

Value Agreed # of Agreements

V05

2021 Property Assessment Roll Findings


Total value

297 billion

Total accounts

552,649

V05

2021 Property Assessment Roll

7

Total taxable accounts and value

Residential Non-residential

# of taxable accounts 525,531 14,639

Total assessed value

(billions)211 58.2


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Total Number Of Accounts - 2021 Roll


Non-residential

4%

Residential 95%

Non-residential Residential

Non-residential

28%

Residential 72%

Non-residential Residential

Number of Total Accounts

(displayed as a percentage)

Assessed Value of Total Accounts

(displayed as a percentage)

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Typical Market Changes – 2021 Roll

9

Residential Typical Market Change -2%

Non-residential Typical Market Change -6%

Typical

Market

Change

- 2%

Residential

2%

Non-residential

Typical

Market

Change

- 6%


V05

2021 Residential Assessment Findings

10

• Single Residential

• Residential Condominium

• Multi-Residential


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Residential Assessment Number of Accounts

11

2020 2021

# Accounts

Assessed

value in

billions

# Accounts

Assessed

value in

billions

Single

Residential319,416 163.4 322,316 161.8

Residential

Condominium 183,677 35.4 188,692 34.9

Multi-

Residential 2,139 10.5 2,167 11.1


V05

Residential Assessment Median Values

12

Single residential

median assessment

Residential condominium

median assessment

2019 2020 2021

Single residential

median

assessment

475,000 455,000 445,000

Residential

Condominium

median

assessment

255,000 245,000 235,000

445,000 235,000


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2021 Residential Market Change

by Property Types

13

Residential Assessment Class Typical Change: -2%

1%

-4%

-2%

-5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0%

Multi-Residential Residential Condo Single Residential

Industrial

Multi-Res

Residential Condo


Single Residential

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Residential Assessment Tax Change

(Revenue Neutral)

14

If overall market change is -2% then…

More than -2%

Taxes increase

Less than -2%

Taxes decrease

-2%

Taxes unchanged

Pro

pert

y A

ssessm

ent

Shift

(2020-2

021)

97% of all residential properties’ revenue neutral

taxes will stay within 10% of last year taxes.


V05

Residential Assessment Revenue Neutral Tax

Changes by Percentages by Community


V05

June 2020 Hailstorm


June 13

Secure logon

Assessment Search

July 1

Dec. 31

NE communities

property assessment

adjustments applied

to accounts

in property damage:

tennis ball sized hail

stones and wind gust

up to 80 to 100 km/h

7,500

1.4 Billion

32,000homes inspected.

10

V05

Residential property median

comparison: 2019-2021

17

2019 2020 2021

Single residential

median value475,000 455,000 445,000

Municipal property

tax on single

residential median

assessment

$1,939 $2,145 $2,145*

*Estimated 2021 taxes with

rebate

V05

2021 Non-residential Property

Assessment Findings

18

• Industrial

• Office

• Retail


V05

2021 Non-residential Assessed Value

19

2020 2021

# Accounts

Assessed

value in

billions

# Accounts

Assessed

value in

billions

Industrial 5,380 16.6 5,496 17.5

Office 1,586 17.3 1,628 15

Retail 3,297 18.9 3,489 18


V05

2021 Non-residential Market Change

by Property Types

20

Non-residential Assessment Class Typical Change: -6%

-13%

-6%

4%

-14.0% -12.0% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0%

Office Retail Industrial

Industrial

Retail

Office

Retail


Industrial

V05

Non-residential Assessment

Tax Change (Revenue Neutral)

21

If overall market change is -6% then…

64% of all non-residential properties’ revenue

neutral taxes will stay within 10% of last year taxes

More than -6%

Taxes increase

Less than -6%

Taxes decrease

-6%

Taxes unchanged

Pro

pert

y A

ssessm

ent

Shift

(2020-2

021)


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November 2020, Council approved a non-

residential Phased Tax Program (PTP) for

2021.

The PTP will cap non-residential municipal

property taxes to 10 per cent for 2021 to

provide relief to business and property

owners impacted by large year over year

tax shifts. The program is estimated to cost

$21 million.

Specific details will be finalized Feb. 2021.

2021 Non-residential

Phased Tax Program


V05

Assessment Notice Mailing

and the Customer Review Period

23

On Jan. 14, 2020 The City issued more than 550,000 notices:

• eNotices: more than 40,760

• Mailed: more than 511,580

The Customer Review Period now begins.


V05

2021 Customer Review Period

24

Check your Notice

Log onto Assessment Search

(secure)

• Confirm and update your

property information

• Compare your assessed

value to other similar

properties in your area

• Review real estate market

trends and learn how your

property is assessed

• Sign up for eNotices

Contact Assessment


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Property Assessment Webpage

25

calgary.ca/assessment


V05

New Customer Service Initiatives


Translation of key

communications

materials into five

languages.

Assessment

Search

enhancements

Market trend

information

A live question and

answer video

session for public

participation.

V05

Estimating 2021 Property Tax

Property Tax Calculator

calgary.ca/taxcalculator

V05

Contact Us

28

Assessment:

403-268-2888 (Mon. – Fri. 8am – 4:30pm)

311 (outside office hours)

To learn more about Assessment visit calgary.ca/assessment


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Questions


V05 30

Thank you


Documents

2021 Assessment Roll Briefing Jan. 14, 2021 · Jan. 14, 2021 | Presentation 15. V05 June 2020 Hailstorm Jan. 14, 2021 | Presentation 16 June 13 Secure logon Assessment Search July