Property assessment is the process of estimating the market value of your property for municipal & education taxation purposes. Assessment is simply a distribution mechanism. The property taxes that you pay are calculated in proportion to the value of the real estate you own. A qualified assessor prepares annual assessments for all property within South View. The assessor is dedicated to providing a fair & accurate assessment for South View taxpayers. The assessor can be contacted at 780-939-3310 - Dan Kanuka.
Market value is the valuation standard set by provincial legislation & is the basis for property valuation across Alberta. Market value is the probable price your property could sell for in a competitive & open market, as of a given date. Market value is recognized as the most understandable, transparent & objective measure of a property's worth. The market value as shown on your current Assessment & Taxation notice is based on a legislated valuation date of July 1st of the prior year & reflects the physical condition of your property as of December 31st of the prior year.
How are Market Value Assessments Prepared?
Market value assessments are prepared using mass appraisal. This is the process of valuing a group of properties at a given date, using standard methods and allowing for statistical testing. For residential property, assessors compile, review & analyze information from all legitimate real estate sale transactions that have occurred in South View over the 12-month period prior to the valuation date. This process results in the estimated value of your property as of July 1st of the prior year.
Assessment Complaint Information
You have 60 days from the Notice of Assessment date on your Combined Tax & Assessment Notice to make a complaint against the assessed value of your property.
Assessment Complaint Deadline is: Monday, July 24, 2023
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