What is Market Value?

Market value is the valuation standard set by provincial legislation and is the basis for property valuation across Alberta. Market value is the probable price your property could sell for in a competitive and open market, as of the given date. The market value on your 2018 Assessment and Tax Notice is based on a legislated valuation date of July 1, 2017 and reflects the physical condition of your property as of December 31, 2017.

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1. How do I get a copy of my property tax bill?
2. What is the penalty for late payments?
3. How do I appeal my assessment if I believe that my property assessment is unfair or inaccurate?
4. What does my tax bill cover?
5. What are Education taxes?
6. Why do I pay for school taxes when I don't have children going to school?
7. What is meant by Assessment and Taxation?
8. How was my assessment value determined?
9. What is a Tax Rate?
10. How are my property taxes determined?
11. What is the supplementary assessment?
12. Why does my assessed value differ from my bank mortgage appraisal or real estate appraisal?
13. How Does the Town Determine My Municipal Property Taxes?
14. What is Market Value?
15. How is Market Value Determined?