ASSESSMENT & TAXATION FAQ's

 

How can I pay my taxes?

 

Tax payments can made by Cash, Cheque, Debit Card, Telephone Banking or Internet Banking.  Payable to the County of Vermilion River. For after hours payments, please use our payment drop off box located at the County Administration Office in Kitscoty (no cash).  The POSTMARK will determine date of payment.  DO NOT direct your payment to Alberta Municipal Affairs, other municipal offices or utilize the Alberta government courier services.  If you have signed onto the County Pre-Authorization Payment Plan, you will not need to pay your taxes separately.  The amount due will be on your tax notices (sent out in June).  PENALTIES will apply for late payments:  all taxes remaining unpaid after the due date of SEPT 30, 2016 will have a penalty of 12% imposed THE DAY AFTER the due date.  A further 6% penalty will be imposed on outstanding balances on Jan 15, 2017.

What is Market Value?

Market value is the price a property would likely yield if sold after adequate time and exposure on the open market by a willing seller to a willing buyer.  The Assessor finds this figure by extensively analyzing sale transactions from July 1, 2014 to July 1, 2015 for similar property types to determine market trends and patterns and thence uses mass appraisal techniques to finalize market values to be used for the 2016 taxation year. Your 2016 property assessment notice is based on mid-range values as of July 1, 2015 real estate market conditions and reflects the physical condition as of December 31, 2015.

Properties not assessed on a market value standard such like farmland, railway, machinery and equipment, and linear are assessed at prescribed regulated rates and standards mandated by the Minister of Alberta Municipal Affairs, Minister's Guidelines of Regulated Property.

What is Mass Appraisal?

Mass appraisal is not a site-specific appraisal of property. It is an averaged or mid-ranged market value for similar types of properties. Mass appraisal takes into account a greater sampling of properties with common features and characteristics to perform statistical analysis. Common features include location, proximity to urban centers, age, parcel size, building size, quality of construction and zoning.

Can my property assessment increase or decrease from year to year?

Yes, your property assessment is based on market value that was established for July 1. Depending on the current market conditions on July 1, your assessment may increase or decrease.

Why is my property assessment different than my real estate appraisal?

Private appraisers evaluate your property based on the market conditions that exist at the time of the appraisal report. The County's property assessment calculation is based on the market conditions as of July 1, 2015 and reflects the physical condition of your property as of December 31, 2015.