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Updated equalized assessment

Description

In Alberta, equalized assessment is the means of comparing property wealth in a uniform manner for all municipalities. Alberta uses an ad valorem assessment and tax system where property taxes are... More ≫

Description

In Alberta, equalized assessment is the means of comparing property wealth in a uniform manner for all municipalities. Alberta uses an ad valorem assessment and tax system where property taxes are based on wealth and wealth is measured by the value of property expressed as an assessment. Equalizing an assessment is simply a process of adjusting each municipality's taxable assessment to a common year in accordance with current legislation and policy. The equalization process results in a common provincial assessment base that is used to determine the amount of requisition for each requisitioning body.

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Municipal Financial and Statistical Data

Description

Compiles information submitted annually by all Alberta municipalities via the financial information return (FIR) and statistical information return (SIR). The FIR represents a standardized summary... More ≫

Description

Compiles information submitted annually by all Alberta municipalities via the financial information return (FIR) and statistical information return (SIR). The FIR represents a standardized summary of the information contained in the annual audited financial statements of each municipality including assets, liabilities, revenue, expenses, long term debt, and property taxes. The SIR provides basic municipal statistics including population, assessment and tax rate information.

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