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every year the city prepares property assessments to help determine your share of property taxes these assessments reflect the market value for your property as of july 1st and the characteristics and physical condition of the property as of december 31st the city mails out assessment notices in january to inform you of your propertys assessed value to determine your propertys assessment we analyze real estate data on all properties that sold in calgary over the past three years or more your property is compared to properties with similar characteristics that have sold across the city this includes the size of your home renovations location lot size and the year your home was built to name a few together these details tell us what your property would have sold for last july its important to verify that the details your property value is based on is correct as this value determines your share of property tax the customer review period is your time to rev
