What is the Difference between Sale Price & Assessment?
  Answer – Here is one of the most commonly asked questions at Assessment Notice time: We recently purchased a property for 0,000. Why is it assessed at 5,000.This could be due to a couple of reason: First, the motivation of the buyers and sellers can affect sale price. Therefore, when very similar properties are sold during the same time fram, a range of sale prices can result. The market value assessmnt reflects sales in the middle of this range of prices. As a result, the assessment could be higher or lower than a specific selling price. Second, markete values may have changed between valuation day and the date you made your purchase. For example, in some price regions in Red Deer, market value have increased since January 1. If this has happened in your area and you have only recently purchased your property, it is possible that your assessment, while representative of your type of home 3 or 4 months ago, will be lower than your purchase price. The purpose of the assessment rol
