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What is an Assessment?

Assessments
The Town of Bashaw delegates an Assessor annually to prepare assessments. The Assessor ensures that the assessment complies with the Standard of Assessment Regulation set out in the Municipal Government Act. Property taxes are based on the assessed value of the property.

2017 Property Tax Bylaw

An Assessment Roll is prepared annually and is available for inspection both here and at the Town of Bashaw Municipal Office. – 2018 Roll Summary

WHAT IS AN ASSESSMENT?
The property taxes citizens pay is calculated in proportion to the value of the real estate property they own. Determining the value of a property for taxation purposes is known as assessment.

Assessment is a tool to equitably distribute the tax burden throughout a municipality. The value of the assessment affects the tax amount that will be charged to the owner of the property.

WHAT IS MARKET VALUE?
Market Value is, as of a given date, the most probable sale price of a property in a competitive and open market.

Economic conditions within the local real estate market influence the selling price of property. To ensure fairness, all assessments are based on the market value of the property as of July 1 of the previous year, and on the physical condition of the property as of December 31 of the previous year.