Broken clouds, Municipal Property Assessment
Assessment is the process of estimating the value of property for equitable distribution of the municipality's total property tax requirement, including provincial requisitions.
While most property is to be assessed at market value, some property types are regulated to be assessed as specified in the MGA.
In Alberta, assessment is a local responsibility with one exception - Alberta Municipal Affairs is responsible for assessing linear property such as pipelines, electric power, transmission lines, and telecommunications equipment.
Alberta Municipal Affairs also ensures that valuation standards are met through assessment audits.
While some jurisdictions in Canada assess at a percentage of market value, Alberta assessments are pegged at 100 percent of market value. Full-value assessments are preferred because they assist property owners in determining whether or not their assessments are correct.
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For additional information regarding assessment details for your property contact the assessor at the MD of Taber Office (403) 223-3541