Property assessment is a reflection of the estimated market value of a property. Your property assessment is the basis for the taxes you pay. Assessments are established by the Government of Alberta through legislation identified in the Municipal Government Act.
Alberta’s assessment process is designed to provide property owners with fair assessments of their properties. Factors that may influence market value include the age of the building, lot size, location and building size, etc.
To gain a better understanding of how properties are assessed please refer to Alberta Municipal Affairs Guide to Property Assessment & Taxation in Alberta.
The Town of Vermilion uses a five year inspection cycle for property assessments which maintains accurate and current assessment values. The map can be seen in the Assessment Reinspection Area Map. Our current assessment contractors are Tanmar Associates and Blackfoot Creek Assessment. The assessor gathers information on all properties types including lot size, building size, ages of buildings, number of bathrooms, amount of basement finish, renovations or upgrades, property sales, and, for commercial or multi-family property types, this may also include income and expense information (for tenant occupied/rental properties). You are encouraged to talk to an assessor if you have concerns about the assessment as it relates to your property value. Please contact the Town office who will put you in touch with an assessor.
Assessment Notices
The Town of Vermilion mails out combined assessment & tax notice out in May each year. The assessment portion provides property owners with the assessed value of their property and the tax portion of the notice breaks out the municipal, provincial education and any other taxes that may be levied.
To view your combined assessment and tax notices for the last five years using the Town of Vermilion’s eService portal.
To file an assessment complaint you must complete the Province of Alberta’s assessment complaint form prior to the date indicated on your assessment notice.
Forms can be found on the province of Alberta’s website here:
http://www.municipalaffairs.alberta.ca/documents/as/ARBComplaintForm.pdf