An assessment notice provides you with the assessed value of your property and is mailed in May each year. It also contains the following information: name of property owner, mailing address of the owner, legal description, school support, allocation (public or separate), roll number (when making inquiries, please refer to this number), tax classification, final date to file a complain, complaint filing fee.
NOTE: Please let the Parkland County Assessor's Office know if any information on your notice is incorrect.
Property assessment is done each year based on the previous year's market values. The assessment is a major element in determining the amount of municipal and education tax each property owner will pay. An assessment fairly and accurately distributes municipal and school taxes among property owners. All property values do not increase or decrease uniformly.
Market Value is the probable price a property could sell for on the open market as of a given date. An assessor reviews and analyzes the real estate market to establish typical market value. Your 2008 Property Assessment is based on 2007 real estate market conditions.
Property assessment is used in combination with a tax rate, set each year by Parkland County Council, to determine municipal property tax.
Market value assessments were introduced in 1998 as a fair and more equitable way to calculate property values. Assessments now reflect the market value of properties in Parkland County and are updated every year.
The market sets the value of your property. Market value assessments are determined by three methods, including the price you can sell your property for, the income it generates, or the cost to replace it. Market value assessments will vary by geographic location, building style, and size of property.
People who feel their assessment is incorrect should talk to the Parkland County Assessment Department first. Usually concerns about an assessment can be resolved quickly without a formal appeal.
Key Dates:
| May 31 |
|
Assessment notice mailed to all property owners |
| June 1 - 30 |
|
Assessment notice roll available for viewing free of charge at Parkland County Assessment Office |
| June 30 |
|
Deadline for paying your taxes |
| July 1 |
|
Market valuation date for land |
| July 7 |
|
Deadline for filing assessment appeals |
| December 31 |
|
Physical characteristics valuation date |