Market Value Assessment

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Property Assessment is the process of estimating the value of a property for municipal and education taxation purposes. Market value is defined as the price a property might reasonably sell for after adequate time and exposure in an open market when sold by a willing seller to a willing buyer.

A property’s assessment does not in itself generate property taxes as it is the assessed value multiplied by the tax rate (mill rate) that gives the property tax levy that the homeowner pays.

 

The Town of High River bases the current year’s property assessment on the real estate market condition as of the July 1 of the previous year. The assessment also takes into consideration the characteristics such as size, type and age of your property as well as its location, style, condition, upgrades and lot size. The selling process of similar properties in the community are also considered.

Property assessment notices will be mailed in mid-March.

If you disagree with your assessment:

The first step is to contact the Town of High River Assessment Department.

The Assessment Review Period is your opportunity to review your assessment, receive more information about your assessment and if necessary discuss your assessment with us.  If you have questions, think your assessment may be wrong. the data is incorrect and/or are unable to attend any of the open houses please contact the Town of High River Assessment Department.

The assessor may then inspect the property and correct the assessment if necessary. If the assessor agrees that the original notice is not accurate, a new notice will be issued.

If you are not satisfied with the outcome of the assessor review you may then appeal the assessment to the Assessment Review Board. There is also information available about the Assessment Review Process.

If property owners have any questions concerning their assessment notice, they should contact the assessment department. The matters that may be questioned are:

  • Description of a property
  • Name and mailing address of an assessed person or taxpayer
  • An assessment amount
  • An assessment class or subclass
  • The type of property
  • The declared school support
  • Whether the property is assessable
  • Whether the property is exempt from taxation

These are only assessment notices for properties. Property tax notices for the current year will be mailed by approximately the end of May and will be due by June 30.