Leduc County's Assessment department calculates the value of various properties in Leduc County, in accordance with provincial legislation, and collects taxes in accordance with the Leduc County tax bylaw which sets the tax rate and is passed in May.
Each year, the Assessment department is required to do a general re-inspection of 20 per cent of the municipality. This means an assessor will enter onto a property to confirm if any physical changes have occurred or if there have been any changes that may affect the taxable status of the properties. Letters will be sent out to affected property owners to notify them that an assessor will be coming to their property. If no one is home at the time of the inspection, a call back card will be left at the door or on the gate if possible. The assessor may ask for a call back for more information if needed. Assessors will carry identification and will have a county-marked vehicle.
The areas scheduled for general re-inspection in 2018 are:
50-23 (south portion)
Property assessment is conducted annually and, in conjunction with a tax rate, forms the basis of the property taxes that property owners must pay each year.
Property assessment in Alberta is based on a combination of market value and regulated rates. In Leduc County, residential and some non-residential properties are assessed at market value, while farmland, machinery and equipment, and linear properties are assessed using regulated rates determined by the Government of Alberta.
For assessment purposes, property is divided into five classes:
- Residential property such as houses, cottages, garages, acreages and yardsites. The assessed value of residential property should approximate the average market value as of July of the previous year. Since assessment reflects mid-range sales values, it may be slightly higher or lower than an actual sale price of a particular property.
- Non-residential property such as industrial and commercial. Industrial/commercial properties are also assessed at the average market value as of July of the previous year.
- Farmland such as land used for producing crops, fish, livestock and poultry, fur production or beekeeping. Farmland is assessed based on regulated rates.
- Machinery and equipment such as oilfield plants, batteries, satellites, and equipment used for processing and manufacturing. Machinery and equipment is assessed based on depreciated regulated replacement cost rates. These rates are derived from a provincial assessment manual.
- Designated industrial property, which includes:
- Properties regulated by the Alberta Energy Regulator, National Energy Board, Alberta Utilities Commission.
- Linear property (wells, pipeline, railways, telecommunications and electric power systems) assessed by the province. Note that railway became linear on January 1, 2018.
- Property designated as a major plant by the 2017 Alberta Machinery and Equipment Minister's Guidelines regulation; for example, large refineries, upgraders, pulp and paper mills.
- Land and improvements associated with property regulated by the Alberta Energy Regulator, Alberta Utilities Commission or National Energy Board and major plants.