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Assessment
Contacts
The Leduc County
Assessors' Office is open weekdays
from 8:30 a.m. to 12 noon & 1:00 - 4:30 p.m.
Assessors are available to answer questions and provide explanations.
2007
Education Property Tax Process
Click here
for information about the 2007 education
property tax process.
Click here for Facts and Information about the Education Property
Tax
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Property assessment in Alberta is based upon a
combination of market value and regulated rates. Residential and Non-Residential
properties are assessed at market value. Farmland, machinery and equipment, and
linear properties are assessed using Provincial regulated rates.
Regulated assessment comprises approximately 35% of the assessment
base.
RESIDENTIAL PROPERTY
The assessed
value of residential property should approximate the average market
value as of July 2006. Since assessment reflects mid range sales
values, it may be slightly higher or lower than an actual sale price
on a particular property. 2007 residential property taxes will
increase slightly from 2006 levels. Out of 7700 residential or farm properties,
6100 will see changes
of less than $100.00.
NON-RESIDENTIAL PROPERTY
Industrial/commercial properties are also assessed at
the average market value as of July 2006. On average, 2007 non-residential property taxes will
increase from 2006. Out of
935 non-residential properties,
530 will see
changes of less than $1000.00.
FARMLAND
Farmland is assessed based on
regulated rates
which reflect top farmland at $350 per acre and less productive land at a percentage
thereof. As in the past, there is little change to 2006 farmland assessment
for 2007 taxation.MACHINERY AND EQUIPMENT
Machinery and equipment is assessed based on depreciated
regulated replacement cost rates. These rates are derived from a
Provincial Assessment Manual.
LINEAR PROPERTY
Linear property is assessed by Provincial Assessors
using regulated rates and depreciation which applies specifically to this
property class. Each year the power portion of linear property assessment
declines in accordance with regulated depreciation schedules.
| |
2005 Assessment
for 2006 taxes |
2006 Assessment
for 2007 taxes |
Percent
Change |
|
Farmland |
93,434,150 |
93,330,970 |
-.1% |
|
Residential |
886,787,940 |
1,186,098,110 |
+33.8% |
|
Non-Residential |
944,243,680 |
1,374,966,640 |
+45.6% |
|
Machinery & Equipment |
98,581,550 |
109,094,400 |
+10.7% |
|
Linear |
1,048,656,680 |
1,172,495,640 |
+11.8% |
|
TOTAL |
3,071,704,000 |
3,935,985,760 |
+28.1% |
FOR ASSESSMENT PURPOSES
PROPERTY IS DIVIDED INTO 5 MAIN CLASSES
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| Residential |
Non
Residential |
Farmland |
Machinery
&
Equipment |
Linear |
Houses
Cottages
Garages
Acreages
Yardsites |
Industrial
Commercial
Property |
Land used
for producing
crops, fish,
livestock,
poultry, fur
production or
beekeeping,
(where an
agricultural
product
is marketed) |
Oilfield
plants,
batteries,
satellites, and
equipment
used for
processing
and
manufacturing |
Wells
Flowlines
Pipelines
Powerlines
and
Electrical
power
generating
equipment
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If you have questions about the
market
value estimate on the Residential or Non-Residential portion of your tax notice,
you may contact the
Leduc County Assessors' Office at (780) 955-3555 or toll free at
1-800-379-9052
If you have
questions about the amount of school tax shown on the notice, you may contact
Alberta Education at (780) 422-7125
If you have
questions regarding regulated rates used on farmland, machinery and equipment or linear
property, you may contact
Alberta Municipal Affairs at (780) 422-1377
The Leduc County
Assessors' Office is open weekdays
from 8:30 a.m. to 12 noon & 1:00 - 4:30 p.m.
Assessors are available to answer questions and provide explanations.
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