Assessment is the process of valuing property for the purpose of fairly and equitably distributing a municipality’s total property tax among property owners. This process establishes the value of a property in relation to similar properties and does not in itself generate property taxes. Property taxes are generated when the Provincial school & Municipal tax rates are multiplied by the assessed value of your property. The municipal tax rate is also known as the municipal mill rate.
Assessment is governed by the Municipal Government Act of the Province of Alberta and associated regulations. The assessment department works hard to value property as fairly and equal as possible.