Property Tax Assessment Review Process
City of Calgary Property Tax Assessment Review Process IMPORTANT: City of Calgary 2016 Annual Assessment Notices are mailed to all registered property and business owners on January 05, 2016. A Customer Review Period is then held for 60 days following this mailing date, where you can arrange to speak with an assessor regarding any disagreements you may have with your assessed value. To learn more about the Customer Review Period,...
Consumer Relationships
AGENCY RELATIONSHIPS Buying or selling a property can be one of the most significant financial decisions you make in your lifetime and your REALTOR® will play a key role in assisting you. That’s why it’s important to consider how you will work with your REALTOR® to ensure you get the most value from your relationship. Please read this guide thoroughly. Ask your REALTOR® questions until you are satisfied you fully understand your...
Real Estate Glossary
Real Estate Glossary A good real estate glossary help Calgarians find their way about Calgary Real estate. AMORTIZATION – The number of years it takes to repay the entire amount of a mortgage. APPRAISAL – An estimate of a property’s market value, used by lenders in determining the amount of the mortgage. APPRECIATION – The increase of a property’s value over time. ASSESSMENT – The value of a property, set by the local municipality,...
Understanding the Real Property Report
THE REAL PROPERTY REPORT (RPR) What is a Real Property Report? A Real Property Report (RPR) is a legal document that clearly illustrates the location of significant visible improvements relative to property boundaries. (Improvements to be shown are outlined in Part D, Section 7.6 of the Manual of Standard Practice, which can be found at www.alsa.ab.ca). It takes the form of a plan or illustration of the various physical features of...
Title Insurance
TITLE INSURANCE SERVICES FOR HOME BUYERS AND SELLERS Congratulations! You’re purchasing or selling a home. Your lender will provide you with financing, your lawyer is searching title and the biggest investment you’ll ever make both financially and emotionally is protected against any unwanted claims. Right? Well… not exactly. Rights to Real Estate are not guaranteed. Unless you have title insurance, one of those things that only...
Property Tax Installment Payment Plan (TIPP)
Property Tax Installment Payment Plan (TIPP) Calgary WHAT IS ‘TIPP’? Property Tax Installment Payment Plan (TIPP) is a Tax Installment Payment Plan that allows City of Calgary property owners to pay their Property Tax in 12 installments, rather than a single annual payment. HOW DOES TIPP WORK? Payments may only be made on the first of each month by automatic withdrawal from a bank account. A monthly payment is calculated by dividing...
