Assessment Information

Assessment Information

A property assessment is the estimated value of a property.  It is used for municipal and education taxation purposes. Experienced and qualified assessors value your property based on provincial assessment legislation and regulations.
Property values are set by the market value, which is the most probable price it would sell for on the open market as of a given date. It is variable based on a number of factors including supply and demand, location, house type, and lot type, etc.

Three methods may be used to estimate market value assessments:

  • A comparison and analysis of similar properties that have sold,
  • Analysis of the rental income properties generate, and
  • The replacement cost on a building plus a value for vacant land.

The City of Grande Prairie attempts to inspect each property every 5 years. Property assessments can only be fair if every estimate of market value is as accurate as possible. Inspections are often necessary to obtain updated building information such as size, additions, layout, finish, quality and condition.
Re-assessments are conducted annually to ensure that recent market fluctuations are reflected in the assessed value of your property. Typically in Grande Prairie your assessment will change annually.

Assessment Notices are typically mailed out the first week of March every year.

If you believe we have made an error on your assessment, please give us the opportunity to review it with you by contacting 311. If you are not satisfied after speaking with an assessor, you may file a written complaint to the Assessment Review Board within 60 days of the date on your assessment notice.  Contact Legislative Services for information on filing an assessment appeal.

For additional information on filing an assessment complaint, please contact Alberta Municipal Affairs for details.

Frequently Asked Questions