Accurate Assessment Group representatives will be conducting their global inspections next week, starting on Monday, April 29, focusing on the areas of Widewater and Canyon Creek. They will be wearing name tags, and will be utilizing two trucks - a white GMC Canyon and a black GMC, each displaying either an Accurate decal or an MD decal on the side of their vehicles.
Residential properties are assessed at market value, as of July 1 of the year prior to the tax year. Market value is estimated by analyzing the sales of all property types throughout the municipality. Mass appraisal techniques are used in this valuation process. The Alberta government legislation states that the assessment ratio, for all residential properties be 95 to 105 per cent.
As required under the Alberta Municipal Government Act, assessors collect and update information regarding property. Assessors conduct site inspections periodically to update property assessments. Inspections start early in the year and run until the end of each year. Inspections may include measuring buildings, photographing exteriors, and gathering details regarding interior components and use of the property.
Inspections for your property may occur if there has been a recent building permit issued or a physical change, if your property has recently been purchased or sold, or if your property is in the annual re-inspection area.
