Property assessment is the process of assigning a dollar value to a property for taxation purposes. This value is used to calculate the amount of taxes that will paid by the owner of the property.
The Alberta Government establishes the legislative and regulatory framework for property assessment. Residential, non-residential, farmland and machinery and equipment assessments for the Municipal District of Fairview No. 136 are completed by KCL Consulting Ltd. The Assessment Services Branch of the Province of Alberta is responsible for all linear and non-designated industrial property assessments.
Information regarding property assessment and taxation can be found on the Municipal Affairs - Municipal Property Assessment website.