Assessment Legislation & Regulations

 

The Municipal Government Act, 1994 c.M-26.1 (MGA) became law on January 1, 1995.

 

The MGA introduce market value as the standard of assessment for most properties. The provincial government's move to plain language in the MGA was intended to make assessment and taxation more understandable for all stakeholders.

 

The key MGA regulation is AR 365/94 - the Standards of Assessment Regulation which:

 

• Sets out the valuation standard for parcels of land, improvements, railways, linear property, and machinery and equipment.
• Requires assessments to be prepared using mass appraisal techniques.
• Permits the assessor to enter a value for land and improvements separately or to enter one total value, for each property, on the roll
• Sets out quality standards

 

For additional information regarding assessment details for your property contact the assessor at the MD of Taber Office (403) 223-3541