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Assessment Department
CITY OF CAMROSE
YOUR ASSESSMENT AND TAX NOTICE
| - Date Mailed | May 18th, 2007 |
| - Last day of complaint | June 25th, 2007
The last day that you can file a complaint against your assessment. |
| - Assessed person | Means a person who is named on an assessment roll
in accordance with section 304; 2 Usually this is the name of the person who appears on the title of the property at Land Titles office.
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| - School Support | As declared by declaration by property owner. |
| - Assessment | Process of placing a dollar value on properties for
taxation purposes. The value of the assessment influences the amount of taxes that will be charged to the owner of the property.1
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| - Local Improvement tax | A tax imposed on a specific region in a municipality
funds a service or improvement applied to a particular area only.1
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| - Tax Rate | Percentage of assessed value at which each property
is taxed in a municipality.1
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| - Taxation | The process of applying a tax rate to an assessed
value to determine the taxes owing.1
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1 Alberta Municipal Affairs, Guide to property Assessment and taxation in Alberta , page 40
2 RSA 2000 c M-26 MGA s.284 (1)(a)
City of Camrose Monthly Single Family Sales Summary
| Single Family Monthly Sales Summary |
|---|
| |
2005 |
|
2006 |
| | Number of Units Sold | Average (Mean) Sale Price | Total Sales | |
Number of Units Sold | Average (Mean) Sale Price | Total Sales |
| Jan. | 26 |
$155,935 |
$4,054,299 |
|
24 |
$178,454 |
$4,282,900 |
| Feb. |
28 |
$163,431 |
$4,576,061 |
|
22 |
$163,050 |
$3,587,110 |
| Mar. | 23 |
$160,043 |
$3,681,000 |
|
19 |
$178,019 |
$3,382,365 |
| Apr. | 37 |
$161,823 |
$5,987,443 |
|
31 |
$185,873 |
$5,762,052 |
| May | 36 |
$156,636 |
$5,638,900 |
|
46 |
$205,261 |
$9,442,011 |
| Jun. | 51 |
$167,092 |
$8,521,673 |
|
39 |
$172,485 |
$6,726,909 |
| Jul. | 36 |
$153,406 |
$5,522,625 |
|
52 |
$195,686 |
$10,175,686 |
| Aug. | 54 |
$174,359 |
$9,415,374 |
|
48 |
$216,671 |
$10,400,188 |
| Sept. | 39 |
$168,826 |
$6,584,208 |
|
39 |
$203,669 |
$7,943,087 |
| Oct. | 40 |
$166,569 |
$6,662,775 |
|
43 |
$211,221 |
$9,082,488 |
| Nov. | 24 |
$194,679 |
$4,672,285 |
|
18 |
$216,240 |
$3,892,319 |
| Dec. | 9 |
$194,989 |
$1,754,900 |
|
17 |
$206,105 |
$3,503,790 |
| Total | 403 |
$168,149 |
$67,071,543 |
|
398 |
$194,395 |
$78,180,905 |
Average Rents
While the rents depended largely on the location, amenities of the space and floor area of the premise the following rates are typical in Camrose.
| Retail | Office | Warehousing |
|---|
| $4.75 to $14.00 | $3.50 to $12.00 | $2.50 to $7.00 |
| Restaurants | Fast Food |
|---|
| $4.75 to $12.00 | $10.00 to $25.00 |
| Multi-Family |
|---|
| Bachelor $415.00 |
Vacancy |
0.0% (CMHC - Dec. 2006) |
| 1 Bedroom $509.00 |
Vacancy |
1.8% (CMHC - Dec. 2006) |
| 2 Bedroom $635.00 |
Vacancy |
0.5% (CMHC - Dec. 2006) |
| 3 Bedroom $634.00 |
Vacancy |
0.0% (CMHC - Dec. 2006) |
| Fourplex $620.00 |
Vacancy |
0.0% (Mar. 2007) |
ASSESSMENT FAQs
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