Projected Impacts of Provincial Assessment Model Review

Finance News

The Government of Alberta is considering changes to the assessment model for regulated properties such as oil and gas wells and pipelines. If implemented, the UCP's new assessment model will strike a crippling blow to rural Albertans already struggling under the weight of a fiscal downturn; a global pandemic; and the Province’s recent rural policing cost download.

The impacts of shifting the tax burden from industry to residential would be severe, and would likely worsen after the first year of implementation. The Province has refused to provide access to the data required to conduct a multi-year impact assessment. However, the Rural Municipalities of Alberta (RMA) recently released its own impact assessment for rurl Alberta municipalities, including the MD of Lesser Slave River.

Assessment Model Review Impacts Report