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.
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.