Property assessments in the City of Medicine Hat reflect the market value of each property as of July 1, 2019 (and the condition of the property as of December 31, 2019) as required by the Municipal Government Act which is set in place by the Provincial Government. The assessments are prepared solely for municipal taxation purposes and should not be used as a proxy for a fee appraisal.
Hotels and Motels in the city are primarily valued using the income approach to value. This valuation approach capitalizes a property’s stabilized market typical net operating income to come up with an estimate of market value. The valuation formula for properties assessed using the income approach is:
Market Value = Net Operating Income ÷ Capitalization Rate
Hotels & Motels Assessment Methodology Documentation
- 2019 Assessment Year Hotel/Motel Methodology (PDF)
- 2019 Assessment Value Brochure (PDF)
- Neighbourhood Code Map
Request Property Valuation Information
The assessment of every property in the city is publicly available in the following locations:
If you would like additional information on how your individual property assessment was prepared you can contact the Assessment Department at:
City of Medicine Hat Assessment
580 First Street SE
Medicine Hat, AB T1A 8E6
If you would like a hard copy of the valuation report for your property you must fill in the following form and return it to the Assessment Department. This request is free of charge.
- MGA Section 299 Form (PDF)
If you would like a hard copy of the valuation report for another property in the city you must fill in the following form and return it to the Assessment Department. There is a $38 fee for this request.
- MGA Section 300 Form (PDF)
Appeal Your Assessment
The appeal deadline is July 21, 2020. More information can be found by following the link below: