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What is an assessment?
An assessment is a value placed on your property for taxation purposes. It reflects the market value of your property based on "Valuation Day" which is always July 1 of the previous year and the physical characteristics of your property as of December 31 of the previous year. The City of Lloydminster uses the assessment to calculate your share of property taxes.

Most residential property is assessed based on market value, while commercial/industrial property is assessed using the income method. Agricultural land is assessed using regulated rates.

For residential property, the assessment on your property is not current market value, however, for most residential property it is close to average market values for the neighbourhood or City. Under the Alberta system - all property is taxed on 100% of the total assessment.

Property Assessment

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1. What is an assessment?
2. How often is my property assessed?
3. Why is my assessment so important?
4. What is Market Value Assessment?
5. Why did my assessment change again this year?
6. What do I do if I think my assessment is incorrect?
7. How do I file an assessment complaint?
8. Where do I send my complaint?
9. What happens after I file a complaint?
10. What if I do not want to proceed with my complaint after it has been filed?
11. What if my complaint issues are resolved before the Hearing?