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Our complimentary services:
Lunch ‘n’ Learns: Property Tax 101 Property Assessment & Taxation Estimates Other Resourceful Property Tax Documentation
P R O P E R T Y T A X C O N S U LT I N G
2015 Assessment Notices Have Been Released
Altus achieved significant reductions for Downtown office properties including: AA class rental rate, A-
and C- vacancy rate, and B class capitalization rates.
Successfully increased Beltline ‘B’ class office capitalization rate to 6.50% from 6.00%, as well as Flood
adjustments and reductions to East end parking rates and West end land values.
Suburban office resulted in reduced rental rates and increased vacancy rates for various properties
City-wide.
Capitalization rates for Regional malls were revised to 6.75% from 6.50%, Big box retail achieved rental
rate revisions to $9.00 psf from $10.00 psf and the junior big box category in Power Centres received
various rental rate reductions.
Approximately 70% of industrial hearings resulted in reductions attributed to sales comparison
arguments, the removal of GST from cost valuations, equity revisions based on multiple building
properties (more than one building on a parcel) and development land dedication areas.
Successful in reducing the gross income multiplier, site specific/ market rental rates and physical
condition adjustments.
Site specific adjustments in all property types and geographic regions.
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Highlights of 2014 Assessment Year
Altus continues to be the leading tax service provider in Calgary and Canada. Providing property owners with the
best opportunity to manage their property taxes, through unmatched experience, expertise, and superior data.
Provided below are some of the highlights for 2014 assessment year:
Your 2015 Property and Business assessment notices were mailed on January 5, 2015.
To ensure that your assessment is fair and equitable, please email them to Calgarytax@altusgroup.com, for
our prompt review and recommendation
January 5, 2015 Calgary Property & Business Assessment Notices mailed
January 5 – March 6, 2015 City of Calgary Customer Review Period
March 6, 2015 Assessment Complaint filing deadline
Key Dates

2. 1.403.508.7770 calgarytax@altusgroup.com www.altusgroup.com
2020 4th Street SW, Suite 310,
Calgary, AB T2S 1W3 Canada
2015 Advance Consultation Period (ACP) Success
Rental rates for Big box retail 100,000 sf + were reduced from $12.00 psf to $9.00 psf.
Grocery ‘C’ class supermarkets received a rental rate reduction from $10.50 psf to $9.00 psf.
Class ‘A’ Regional mall capitalization rates increased from 5.25% to 5.75%
Class ‘B’ Regional mall capitalization rates increased from 6.00% to 6.50%
Enclosed Neighborhood/ Community Centre capitalization rates increased from 5.25% to 6.50%
Strip Centre capitalization rates increased from 5.50% to 5.75%.
Retail:
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Office:
Downtown office ‘B’ class capitalization rates were increased from 5.0% to 5.5%
Downtown office ’AA’ (old) class received reductions to the rental rate from $34.00 psf to $32.50 psf.
Suburban office vacancy rates were increased from 2.0% to 4.0% for ‘A’ class South East office
South parking rates reduced from $1,440 to $1,320 per year
Quarry Park capitalization rates were revised from 5.25% to 5.5% as well as the rental rates from
$27.00 psf to $26.00 psf
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The City of Calgary’s Assessment Search online system allows you to access details on your business and
property assessments and authorize an agent to act on your behalf. If you have not already authorized Altus
Group as an agent, you can do so by going to: www.calgary.ca/assessmentsearch
Additional information on how to set up your account is found at www.calgary.ca/PDA/Assessment/Pages/
Assessment‐search.aspx. Altus Group is available to assist you with any questions or concerns that you may
have with the setup of your online account.
For assistance regarding online registration please contact: CalgaryTax@altusgroup.com, or contact:
Assessment Search
Kyle Fletcher
Vice President
403.508.7692
kyle.fletcher@altusgroup.com
Steve Eady
Senior Director
403.476.1026
steven.eady@altusgroup.com
Josh Weber
Senior Director
403.508.7863
josh.weber@altusgroup.com
Doug Hamilton
Senior Director
403.508.7812
doug.hamilton@altusgroup.com
The City ACP period was a success for many retail and office properties this year. Many arguments that we would
typically have to take to the review boards found traction with the City at ACP. The result is tax savings and, in
some cases the final value resolution early in the process. Highlights of some key successes include:
Despite this we still strongly recommend a detailed assessment review for all properties during the Customer
Review Period (January 5 - March 6). There are many moving parts as the city sends the annual assessment roll
and it is in your best interest to ensure market value and equity requirements have been preserved. Please
provide us with all of your notices so we can ensure your assessments and taxes are fair.