Assessment
Find out how property assessments are conducted in the Municipal District of Acadia and what they mean for your property taxes.
Assessments
Property assessment is the process of placing a dollar value on property for taxation purposes and is governed by Provincial Legislation.
The MD of Acadia contracts its assessment services to Benchmark Assessment in Lethbridge.
Frequently asked questions:
What is my property assessment based on?
The assessment and taxation process is governed by the Municipal Government Act (MGA); therefore, your 2024 property assessment is based on a July 1, 2023 market value estimate, as measured by property sales in the area.
Farmland, industrial machinery, and equipment, and linear property are assessed using a process regulated by Alberta Municipal Affairs rather than by market value. For information on the assessment of linear property, contact the linear property assessment branch of the Government of Alberta at 780-422-1377.
Assessment Inspections
As required under the MGA, Assessors collect and update information regarding your property to ensure fair and accurate assessments. Assessors conduct site inspections annually to update property assessments. Inspections usually begin in the spring and run until the end of each year. Inspections may include, measuring buildings, photographing exteriors, and gathering details regarding interior components and use of property.
Inspections for your property may occur if there has been a recent building permit issued or a physical change, if your property has been recently purchased or sold, or if your property is in our annual re inspection area.
How do I know my property assessment is accurate?
Your property characteristics are measured against other properties that have sold, in order to calculate a market value. Characteristics such as location, age, size are all considered.
What if I have questions about my property assessment?
After receiving an Assessment Notice, a property owner may discuss and review their property assessment with an Assessor. Please contact Benchmark Assessment for questions regarding your property assessment at 403-381-0535.
If I don’t agree with my property assessment, what can I do?
If, after having discussed your assessment with our assessor, you are still of the opinion that your assessment is incorrect, you may file a written complaint to the Assessment Review Board.
