What is meant by Assessment and Taxation?

Property assessment is the process of estimating the market value of your property for taxation purposes. The property taxes that you pay are calculated in proportion to the value of the real estate you own. Assessments are used to distribute the tax burden in a fair and equitable manner. The Town of Hinton contracts Powers & Associates Appraisal Services from Beaumont, Alberta to prepare the property assessments.

Taxation is the process of applying a tax rate to a property’s assessed value to determine the taxes payable by the owner of the property.

Show All Answers

1. How do I get a copy of my property tax bill?
2. What is the penalty for late payments?
3. How do I appeal my assessment if I believe that my property assessment is unfair or inaccurate?
4. What does my tax bill cover?
5. What are Education taxes?
6. Why do I pay for school taxes when I don't have children going to school?
7. What is meant by Assessment and Taxation?
8. How was my assessment value determined?
9. What is a Tax Rate?
10. How are my property taxes determined?
11. What is the supplementary assessment?
12. Why does my assessed value differ from my bank mortgage appraisal or real estate appraisal?
13. How Does the Town Determine My Municipal Property Taxes?
14. What is Market Value?
15. How is Market Value Determined?