Property Assessment Summary
2022 Property Assessments for 2023 Taxes
After receiving your Assessment and Tax Notice, please contact the Assessment Department with any questions or a request for information.
An assessed person is entitled to see or receive sufficient information about the person's property in accordance with section 299 of the Municipal Government Act or a summary of an assessment in accordance with section 300 of the Act, or both.
Categories of Classification
Properties are classified into residential, non-residential, and farmland classifications. A property can have more than one classification. The classifications of property are detailed below and provide a brief explanation and description of the assessment valuation levels. Please check the classification(s) of your property to ensure that it is properly described.
Farm Use: If your property IS USED as part of a farming/ranching operation.
Land: The first 3 acres of improved residential land is assessed at 100% of the 2022 typical market value using mass appraisal principles. The remainder of the land is assessed at agricultural values. The Rural Assessment Policy applies the amount of agricultural land assessment in the owner's unit as an exemption towards the primary residence. This procedure is applicable for all farm residential properties that are greater than 3 acres in size.
Improvements (Buildings): Buildings are assessed at 100% of the 2022 depreciated replacement cost with adjustments for market value conditions. The depreciated replacement cost is the cost of materials and labour to construct a new similar building less the loss in value due to age, condition, desirability and utility. Farm outbuildings are exempted from assessment to the extent that they are used for farming purposes.
Non-Farm Use: If your property is NOT USED as part of a farming/ranching operation.
Land: The entire land area is assessed at 100% of 2022 typical market value using mass appraisal principles.
Improvements (Buildings): Buildings are assessed at 100% of the 2022 depreciated replacement cost with adjustments for market value conditions. The depreciated replacement cost is the cost of materials and labour to construct a new similar building less the loss in value due to age, condition, desirability and utility.
This category of property refers to either industrial or commercial property uses. Those which have a multi-purpose use, such as a commercial business operating from a residential acreage, would have the commercial portion of the assessment classed as non-residential.
Land: Land is assessed at 100% of 2022 typical market value using mass appraisal principles.
Improvements: Buildings are assessed at 100% of 2022 depreciated replacement cost, with recognition of market factors.
M&E: Machinery & equipment is assessed at 77% of 2022 depreciated replacement cost.
Linear Property: Linear property, which includes power and pipeline, is a sub-class of the non-residential properties. This category consists of electric power transmission lines, oil and gas pipelines, cable and cellular transmitting equipment, and towers used in conjunction with such operations.
Farmland is assessed on the ability of land to produce agricultural products. The assessment takes factors such as soil quality, topography, stones, creeks, etc., into consideration. The 1984 Farmland Assessment Manual was utilized in preparing farmland assessments at the 100% level of assessment.
Frequently Asked Questions
You can request a summary of assessment information on any property within Foothills County provided you know the legal description. You can request detailed assessment information on a property if you are the owner or an authorized agent of the owner. (FOIP rules apply).
Compare your assessment to property that is in close proximity to yours and has a residence of similar age, style & quality of construction. After you have compared your assessment to similar properties, contact the Assessment Department in person, by phone or email to explain any differences or concerns.
If your property is NOT being used as part of a farming/ranching operation, your property will be assessed market value. If your property IS part of a farming/ranching operation, you will have a minimum of 3 acres, house(s) and accessory buildings assessed at market value and the remaining land area at a farmland value. Any buildings used as part of the farming/ranching operation will be considered un-assessable and exempt from taxes.
Market value is the price a property might reasonably be expected to sell for if sold by a knowledgeable, willing seller to a willing buyer after an appropriate time and exposure in an open market. The market-value based standard is used to determine the assessed values for the majority of properties in Alberta.
Key characteristics of Market Value are:
- It is the most probable price, not the highest, lowest, or average price.
- It is expressed in terms of a dollar value
- It assumes a transaction between unrelated parties in the open market.
- It assumes a willing buyer and a willing seller, with no advantage being taken by either party
- It recognizes the present use and potential use of the property.
- The market place sets the value of your property
- The Assessment Department measures it.
- Assessors analyze the same property characteristics considered by buyers and sellers (eg. features influencing value-location, size, views, trees, traffic noise, river).
- Assessors measure the relationship between sale price and property characteristics.
- Assessors apply the information to properties that did not sell
- Assessors consider unique characteristics, similarities and differences of each property.
- Assessors estimate market value of all properties based on properties that have sold.
- Assessors value properties in Alberta using a method called mass appraisal. Mass appraisal techniques allow assessors to accurately value a large number of properties in a short period of time.
Farmland is currently assessed on the basis of its productive value. All farmland is rated on the basis of its ability to produce income from the growing of crops and/or the raising of livestock. The productive value of farmland is determined using a process that sets a value for the best soils, and then makes adjustments for less than optimum conditions such as stones, the presence of sloughs, or topography not conducive to farming practices.
EXCERPT FROM ALBERTA REGULATION 203/2017
Interpretation provisions for Parts 9 to 12 of the Act
2(1) For the purposes of Parts 9 to 12 of the Act and this Regulation,
(f)"farming operations" means the raising, production and sale of agricultural products and includes
(i) horticulture, aviculture, apiculture and aquaculture,
(ii) the raising, production and sale of
(A) horses, cattle, bison, sheep, swine, goats or other livestock,
(B) fur-bearing animals raised in captivity,
(C) domestic cervids within the meaning of the Domestic Cervid Industry Regulation (AR 188/2014), or
(D) domestic camelids,
(iii) the planting, growing and sale of sod, and
(iv) an operation on a parcel of land for which a woodland management plan has been approved by the Woodlot Association of Alberta or a forester registered under the Regulated Forest Management Profession Act for the production of timber primarily marketed as whole logs, seed cones or Christmas trees,
but does not include any operation or activity on land that has been stripped for the purposes of, or in a manner that leaves the land more suitable for, future development.
(RAP) Rural Assessment Policy - In a rural municipality, a residence on farmland is exempt from assessment, in whole or in part, based on the assessed value of the qualifying farmland owned by the farmer/rancher. The exemption applies only to land owned by the farmer/rancher or leased from the Crown or a municipality. Land that is leased from private owners does not qualify for an exemption.
Before an assessment can be prepared, property data must be collected. Sources of information are property owners, Alberta Land Titles, the real estate Multiple Listing Service and financial institutions.
Detailed information about each property is also gathered by making on-site visits.
The assessors will visit all properties with building construction in progress, properties that have sold, as well as newly subdivided parcels. As part of our requirement to re-inspect each property in the Foothills County every five years we plan to visit approximately 2000 properties each year.
The assessors will be driving Foothills County vehicles and will have I.D. cards with them. We do inspections 12 months of the year. We encourage you to take the time to go over your assessment with them if they come to your house for an inspection visit.
Thank you for your past and future cooperation with the assessment process.
If you believe your assessed value may not be accurate or you just want to find out how it was determined, please contact the Assessment Department to have an assessor review your assessment with you. You can request a review any time before December 31 of each taxation year. Email or phone 403-652-2341 or fax 403-652-6900.