Property assessment is the process of estimating the market value of your property for taxation purposes. The property taxes that you pay are calculated in proportion to the value of the real estate you own. Assessments are used to distribute the tax burden in a fair and equitable manner. The Town of Hinton contracts Powers & Associates Appraisal Services from Beaumont, Alberta to prepare the property assessments.
Taxation is the process of applying a tax rate to a property’s assessed value to determine the taxes payable by the owner of the property.