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Crowsnest Pass: A Growing Community with Rising Property Values

March 6 2025
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Crowsnest Pass continues to grow with new development, infrastructure improvements, and rising property values. Learn how this growth impacts property assessments and what it means for the future of our community.
Crowsnest Pass continues to grow with new development, infrastructure improvements, and rising property values. Learn how this growth impacts property assessments and what it means for the future of our community.

Crowsnest Pass has seen steady growth over the past several years, with new development, rising property values, and increasing investment in the community. This growth is a reflection of a strong real estate market and continued interest in our region. As more people choose to live and invest here, the demand for housing and services increases, leading to a higher total assessed property value across the municipality.

Prefer to learn about this article in audio format? Scroll to the bottom to tune in to CNP Community Connection!

Development and Growth in Crowsnest Pass – A 3 Year Review

Growth in a community does not happen overnight. It is the result of new housing developments, business expansion, and infrastructure improvements that make the area more desirable. These changes not only provide more opportunities for residents but also increase the overall value of properties in the region.

  • New Housing Developments: Over the past three years, we have welcomed 117 new housing developments, providing more opportunities for families to live, work, and invest in Crowsnest Pass.
  • Assessment Growth: The total assessed value of properties over three years has grown by 11.06% from 2022 to 2024 (2022: $1,452,619,880 to 2024: $1,613,266,310). This increase reflects the strong demand for property and real estate investment in the area.
  • Community Investments: Infrastructure projects, business expansion, and public amenities continue to make Crowsnest Pass a more vibrant and sustainable community.

How Growth and Assessments Are Connected

As more homes and businesses are built, the overall value of the community increases. This is because property assessments are based on real estate market conditions, property improvements, and development activity. Higher property values do not automatically mean higher taxes, but they do reflect the strength and desirability of our community.

A growing assessment base benefits residents by:

  • Supporting More Services and Infrastructure: A stronger tax base helps fund road maintenance, parks, recreation facilities, emergency services, and other essential municipal services.
  • Boosting the Local Economy: More development leads to more businesses, jobs, and investment opportunities, strengthening the long-term economic stability of Crowsnest Pass.
  • Maintaining Property Value Stability: A healthy real estate market protects home values, ensuring that Crowsnest Pass remains a great place to live, work, and invest.

Understanding Your Property Assessment

Every year, property assessments are conducted to reflect the fair market value of properties as of July 1 of the previous year. Assessments are determined by:

  • Market conditions – The sale prices of similar properties in the area.
  • New construction and renovations – Property improvements that may increase value.
  • Community development – Growth in infrastructure, services, and the local economy.
    The 2025 property assessments are now available online and can be accessed through the Municipality of Crowsnest Pass website:

    View Your Assessment Here: https://camalot.munisight.com/asmtInfo.html

    If you have any questions related to your assessment, please contact the Municipal Property Tax Assessor, Christopher Snelgrove at 1-800-633-9012 or by email at christoper@benchmarkassessment.ca

What Happens Next?

While assessments help determine property values, the municipal tax rate is set separately through the Property Tax Bylaw. The upcoming steps in the process include:

  • March 11 – First reading of the Property Tax Bylaw by Council.
  • Public Input (Date TBD) – Residents will have an opportunity to provide feedback.
  • Bylaw Approval (Date TBD) - Council will pass second and third reading of the bylaw.
  • April 30 – Property Tax Notices will be mailed out.
  • June 30 – Property Taxes are due.

Stay Informed

Crowsnest Pass is growing and evolving, and the Municipality is committed to keeping residents informed and engaged in the process. In the coming weeks, we will share more information on how assessments impact property taxes, how tax rates are set, and how tax dollars contribute to the community.

Learn more about Assessments and Property Taxes here.

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