199 Pembina Road
Sherwood Park, AB
The Alberta Assessors Association accredits individuals, not companies. AAG is a member company of the Alberta Assessors Association meaning we are contracted to municipalities within the province to provide assessment services.
Assessors measure value on residential, non-residential, farmland, and designated industrial properties. Assessors place a value on a property for taxation purposes, therefore having an effect on the property owners.
Property assessment notices are mailed to all property owners, both residential and non-residential.
Your property assessment is based on your property’s market value, the amount it likely would have sold for last July 1st, as well the physical characteristics as of Dec. 31.
Assessors look at many factors including, but not limited to: age, location, land size, improvement size, additions or renovations and sales of similar properties in the neighbourhood in the last three years.
Your assessed property value goes through internal checks and balances before the notice is mailed to you.
Contact Municipality or attend Open House (if applicable) to speak with assessor.
Provide all requested information to the assessor to ensure correct data is recorded and to maintain the right of complaint.
If after all information is gathered and reviewed, and the ratepayer is unsatisfied with the assessment, a formal assessment complaint can be filed.
Your property assessment determines your share of taxes as a part of the municipality, in order to meet the budget set by the municipality. Once council sets the tax rate, your assessment is multiplied by this rate, and the result is the amount that reflects on your tax bill. The same practice is done to calculate provincial school taxes and other requisitions collected by the municipality.
Your assessment change based on your property’s value. The tax rate will change based on the municipal budget (and provincial budget for school taxes) and the total assessment base.
The Municipal Government Act legislates that all property in Alberta be assessed each year. Annual assessments ensure that changes in the market place are captured annually, protecting tax payers from large market fluctuations that might occur over many years. Property assessments are used to distribute taxes in a fair and equitable way. This means that owners of property with similar market values will pay similar amounts of property taxes.
Market value is the price a property would likely yield if sold after adequate time and exposure on the open market by a willing seller to a willing buyer. The Assessor finds this figure by extensively analyzing sale transactions for similar property types to determine market trends and patterns and then uses mass appraisal techniques to finalize market values to be used for the following taxation year. Your property assessment is based on real estate market conditions as of July 1 of the year prior to the taxation year and reflects the physical condition as of December 31 of the year prior to the taxation year. Properties not assessed on a market value standard such as farmland, railway, machinery and equipment, and designated industrial are assessed at prescribed regulated rates and standards mandated by the Minister of Alberta Municipal Affairs, Minister's Guidelines of Regulated Property.
Mass appraisal is not a site-specific appraisal of property. “mass appraisal” means the process of preparing assessments for a group of properties using standard methods and common data and allowing for statistical testing;