Supplementary Assessments FAQ
- What is a supplementary property assessment?
- What is a supplementary assessment based upon?
- How are supplementary taxes calculated?
- What is an amended annual property assessment or an amended supplementary property assessment?
- 1. What is a supplementary property assessment?
A supplementary property assessment is the value of any new construction that has been completed or occupied during the current calendar year and was not included in your annual assessment and property taxes. The City of Edmonton, by bylaw, has authorized the supplementary property assessment in accordance with Section 313 of the Municipal Government Act.
- 2. What is a supplementary assessment based upon?
It is based upon the added value of any new construction that has occurred since the property was assessed for annual property tax purposes. This added value is modified by the number of months that the new construction was complete or occupied during the tax year.
- 3. How are supplementary taxes calculated?
Provincial legislation requires that the City apply the same tax rates to supplementary assessment that were applied for annual property tax purposes. This includes both the municipal tax rate and the provincial education property tax rate.
- 4. What is an amended annual property assessment or an amended supplementary property assessment?
Under Section 312 of the Municipal Government Act, if it is discovered that there is an error, omission or incorrect description in any of the information shown on the assessment notice, an amended assessment notice may be prepared and sent to the property owner.
