Property assessment is the process of assigning a dollar value to a property for taxation purposes. In Alberta property is taxed based on the ad valorem principle. Ad valorem means “according to value.”
This means that the amount of tax paid is based on the value of the property.
Property taxes are a primary source of revenue for municipalities. Property taxes are used to finance local programs and services, such as:
- Garbage collection
- Water and sewer services
- Road construction and maintenance
- Parks and leisure facilities
- Police and fire protection
- Seniors’ lodges
Each municipality is responsible for ensuring that each property owner pays his or her share of taxes. Property assessment is the method used to distribute the tax burden among property owners in a municipality.
Often the terms “assessment” and “taxation” are considered to be interchangeable. However, assessment and taxation are very different. Although one impacts the other, each is a distinct and independent process.
“Assessment” is the process of estimating a dollar value on a property for taxation purposes. This value is used to calculate the amount of taxes that will be charged to the owner of the property.
“Taxation” is the process of applying a tax rate to a property’s assessed value to determine the taxes payable by the owner of that property.
The assessor for the Town of Sedgewick is
Wainwright Assessment Group Ltd.
604 - 10 Street
Attn: Gary Barber,AMAA
If you have questions about your property assessment please contact Wainwright Assessment Group Ltd.
For more information on Assessment -Government of Alberta
How is my property assessed?
In Alberta, residential and most commercial property is assessed on the basis of a property’s market value.
Market value is defined as the price a property might reasonably sell for after adequate time and exposure to an open market when sold by a willing seller to a willing buyer.
Provincial regulation directs that property assessments must reflect typical market conditions as of July 1 in the previous year.
To calculate your assessment, assessors look at property characteristics such as the size, type, and age of your property, as well as its location, style, condition, upgrades, and lot size. The selling prices of similar properties in the same neighbourhood or similar areas are also considered.
Note: Farmland, industrial machinery and equipment, and linear property are assessed using a regulated process. For information on the assessment of farmland, or industrial machinery and equipment, contact your municipality’s assessor. For information on the assessment of linear property, contact the linear property assessment branch of the Government of Alberta at 780-422-1377.
How do I get information about my property?
You can contact the office that prepared your assessment. You are entitled to receive all documents, records and other information about your property that the assessor has in the assessor’s possession or under the assessor’s control such as:
• information about the parcel of land including legal description, civic address, the use of the land, the size of the parcel of land, etc.
• information about the improvements including classification and type of improvement, interior and exterior characteristics, such as number of rooms, quality, size or measurement of any improvements, physical condition, site improvements, etc.
• key factors, components and variables of the valuation model applied in preparing the assessment of property including site area, ancillary site improvements, location, physical condition, and adjustments for time, and
• property-related information including building permit information, assessment related inspection reports, and sales information.
You are also entitled to receive a summary of information on properties that are similar to yours such as:
• a description of the parcel of land and any improvements, to identify the type and use of the property
• the size of the parcel of land
• the age and size or measurement of any improvements, and
• the key factors, components and variables of the valuation model applied in preparing the assessment of property.
Note: Improvement means a structure, anything attached or secured to a structure, a designated manufactured home, and machinery and equipment.