Assessment | City of Camrose

Property assessment is a reflection of the estimated market value of a property. Your property assessment is the basis for the taxes you pay. Alberta's assessment process provides property owners with fair assessments of their properties. View the assessments of properties in Camrose by clicking on a lot on our Property Information interactive map.

How are assessments determined?

Through a process set by the Municipal Government Act
Based on the most likely sale price of your property on the open market at July 1 of the previous year

Check out the video to find out how assessment and municipal taxation works.

Factors that influence market value

Age of Building

Lot Size

Location

Building Size

Important Dates

July 1, 2025 Valuation Date

Assessors analyze sales, leases, listings, and market activity that happened before July 1 of the previous year.

December 31, 2025 Condition Date

Assessors base your assessment on what existed December 31 of the previous year.

January 2026 (exact date to be determined) Mailout

Assessment notices are mailed.

March 2026 (exact date to be determined) Complaint Date

Complaints must be received on or before this date.

How to Read Your Assessment Notice

The City of Camrose mails assessment notices out in January to give rate payers an opportunity to review their assessment values prior to the tax notices being calculated and prepared. This also allows the City to more accurately calculate the mill rate because all challenges to assessment values will be filed prior to calculation of the mill rate.

Additional Assessment Information

You will receive a Supplementary Notice if your property was not complete or if an improvement to your property was not complete by December.

Example 1

A vacant lot is assessed at $75,000 as of December 31. In the following year, construction of a home starts in March and is completed and occupied as of August 15. The home is assessed at a total value of $275,000 which consists of the land assessed at $75,000 and the house at $200,000. The annual tax notice – sent in May – is based on the value of the vacant land. The supplementary tax notice is calculated as follows:

$275,000 Assessed Value (Land & Buildings) - 75,000 Assessed Value of Land (already on tax notice in May) = $200,000 Supplementary Value subject to Taxation
$200,000 Supplementary Assessment x 0.0093399 Sample Tax Rate = $ 1,867.98
$1,867.98 /12 months in the year = $155.67
$155.67 x 5 (number of months occupied) = $775.35 Supplementary Tax

Example 2

A partially constructed home is assessed at $100,000 as of December 31. In the following year construction is finished and the home is occupied as of February 20. The home is assessed at a total value of $350,000. The annual tax notice – sent in May – is based on the partial assessment of $100,000 (that includes the land and value of the partially constructed home at December 31). The supplementary tax notice sent in September is calculated as follows:

$350,000 Assessed Value (Land & Buildings) - $100,000 Assessed Value of Land & Partial Assessment of Building = $250,000 Supplementary Value subject to Taxation
$250,000 Supplementary Assessment x 0.0093399 Sample Tax Rate = $2,334.98
$2,334.98 / 12 (months in the year) = $194.58
$194.58 x 11 (number of months occupied) = $2,140.38 Supplementary Tax

The 2025 Assessment Changes by Neighbourhood Map shows the median residential values from July 1, 2024 to July 1, 2025 for each neighborhood. To see a specific assessment value for a particular property, use the Property Information Interactive Map.

Assessors aim to inspect each property in the City every five years

Inspections can be done by a variety of methods including interior inspections and exterior inspections
Owners will receive a letter to request to schedule an appointment if an interior inspection is required
The owner can schedule the inspection by phoning the assessment department at 780.678.3032
An adult must be present
Contact the assessment department if you have concerns about the inspection process
As an alternative to an interior inspection the City also uses a process known as “Request for Information”
A “Request for Information” is a questionnaire about the property that owners can complete
Request for Information questionnaires can be completed online or on paper and returned to the assessment department.

The inspection and request for information processes provide updated information on the physical characteristics of your property. The information collected is used to establish the market value assessment.

What if you disagree with your assessment?

If you don't think your assessed value is what your property would have sold for on July 1 of the previous year, contact the Assessment department.

Frequently Asked Questions

How is my assessment determined?

Your assessment is based on the market value of your property. Market value is the most probable selling price of a property, on the open market, as of a specific date, assuming a knowledgeable buyer and seller.

What specific date is my market value assessment based on?

Each year your assessment is based on the market conditions on July 1 of the previous year. For 2026, your market value is based on the real estate market as of July 1, 2025. The assessment also reflects the physical condition of your home as it existed on December 31, 2025. Assessments are based on sales of similar properties occurring from July 1, 2022 to July 1, 2025

Will my taxes increase by the same amount as my assessment?

Not necessarily, as several factors will impact your final tax bill, including your change in assessed value, the City Council approved tax rate bylaw in April or May, and the education property tax set by the Provincial government. Exact property tax amounts will be available in May.

Why does the City use this system to determine assessments?

Legislation in Alberta specifies the manner in which assessments must be prepared. All properties in Alberta are assessed using the same parameters and guidelines.

What should I do if I feel my assessment or other information on my assessment notice is incorrect?

You can contact the Assessment staff at 780.678.3032 or via email at assessment@camrose.ca.

You have the right to file a complaint regarding the assessed value of your property. View more information about the complaint process.