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Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property. [1]
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property ...
Jurisdictions imposing property tax uniformly charge some official with determining value of property subject to tax by the jurisdiction. [37] This official may be an employee or contractor to the taxing government, and is generally referred to as the tax assessor in most jurisdictions. Some taxing jurisdictions may share a common tax assessor ...
In 2015, an independent assessment review board acknowledged that the property taxes at the Cooking Lake Airport were inequitable with the nearby County-owned Edmonton/Josephburg Aerodrome, but attributed the inequity to the Warren Thomas Aerodrome being eligible for certain tax exemptions pursuant to s.362(1)(o)(ii) of the Municipal Government ...
Sherwood Park was established in 1955 on farmland of the Smeltzer family, east of Edmonton. With a population of 75,575 in 2024, Sherwood Park has enough people to be Alberta's sixth largest city, but it retains the status of a hamlet, though the Government of Alberta officially recognizes the Sherwood Park Urban Service Area as equivalent to a ...
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Its 2024 population includes 75,575 or 72.8% living in the Sherwood Park urban service area and 28,253 or 27.2% in the rural service area. [ 5 ] In the 2021 Census of Population conducted by Statistics Canada , Strathcona County had a population of 99,225 living in 37,128 of its 38,203 total private dwellings, a change of 1.2% from its 2016 ...
Real Property Tax Reform. In 2018, the Federal Constitutional Court ruled that the system of property tax assessment is unconstitutional since it treated similar properties differently and thus resulted in a violation of Article 3 (equality before the law) of the Basic Law for the Federal Republic of Germany. So far, the calculation of property ...