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Assessment General Information  Assessment General Information  
What is Property Assessment?

Property assessment is the process of assigning a dollar value to a property for taxation purposes. In Alberta property is taxed based on the ad valorem principle. Ad valorem means “according to value.”  This means that the amount of tax paid is based on the value of the property.

Property taxes are a primary source of revenue for municipalities. Property taxes are used to finance local programs and services, such as:

  • Streets Roads & Airport Maintenance
  • Recreation & Parks Programs and Facilities
  • Library and Leisure Programs
  • Water and Sewer Services
  • Fire Protection and Bylaw Enforcement

Relationship between property assessment value and property taxes

Too often, the terms “assessment” and “taxation” are considered to be interchangeable. However, assessment and taxation are very different. Although one impacts the other, each is a distinct and independent process.  “Assessment” is the process of placing a dollar value on a property for taxation purposes. This value is used to calculate the amount of taxes that will be charged to the owner of the property. “Taxation” is the process of applying a tax rate to a property’s assessed value to determine the taxes payable by the owner of that property.

The Town of Hanna is responsible for ensuring that each property owner pays his or her fair share of taxes. Property assessment is the method used by municipalities to distribute the tax burden among property owners in a municipality.

Your Town of Hanna assessment notice shows the assessed value of your land and buildings (improvements) as they existed on December 31 the prior year.  The assessment is based on July 31 market value of the prior year.   

 

Hanna Tax Assessments

In Hanna, your property assessment has been calculated using mass appraisal techniques.  The assessment value of each property considers characteristics such as building and lot size, structure type, condition and age.  Typically, residential property values are determined through the direct sales comparison approach.  Non-Residential property values are determined using the income approach to value in conjunction with the direct sales comparison approach.  Special properties, such as schools and churches, are valued using the cost approach.  Similar properties in Hanna should have similar assessment values.

The purpose of the assessment is not to reflect single sales prices, but to access all properties at typical market value on the same valuation date, so that taxation is fairly and uniformly shared.  The Town of Hanna utilizes a qualified Assessor who assesses property based on provincial legislation and regulations.  This Assessor acts on behalf of Hanna's citizens and is dedicated to providing high quality assessments and excellent customer service to the taxpayers.

 

Tax Information Access

Under the Freedom of Information & Protection of Privacy Act, property owners have unlimited access to their own property information, including assessments and tax information.  The Assessment Roll is public information and is available for viewing from the Property Search section of this website.  We do not give out personal or tax information over the phone.

Tax Certificates include the following information:  Roll Number, legal address, civic address, tax levy for the year, and whether or not the taxes have been paid.  There is a fee for this service and applications must be received in writing.

 
Hanna Tax Notice

The notice contains Tax and Assessment information.  Please note the due date for payment of taxes.  If your taxes are not paid by the due date a penalty of 8% will be added.  If you have sold the property, please return the tax notice to the Town Office so that records can be amended.

 
   
Understanding Your Taxes  Understanding Your Taxes  

The amount on your Tax Notice is for taxes levied from January to December of the current year and should be within 5% plus or minus of the current market value of your property.  In other words, if you were to sell your property today, the assessed value should be comparable to what you would expect to receive.  Your Tax Notice includes three separate tax levies taxed at different rates that make up your Total Property Taxes:

Total Municipal Levy - this amount is collected by the municipality (Town of Hanna) and pays for municipal infrastructure, facilities, services and programs.

Total School Levy - this amount is collected by the Town of Hanna and paid directly to the Province of Alberta, for maintenance and development of the public school system.  The amount of School funds paid by each municipality is based on population and the tax base.  All municipalities must collect and forward these funds to the province.

Acadia Foundation - this amount is collected by the Town of Hanna and paid directly to the Acadia Foundation to help pay for senior housing in our area. 

Your taxes are calculated by multiplying your total taxable assessment by the tax rate and dividing the total by 1000.  Use the formula below or visit our Property Search Page to view your property taxes.

 
(taxable assessment x tax rate) = property taxes

1000

 
  
   
Tax Rates 2013 Residential Non-Residential
Municipal Tax Rate

10.48

13.98

Education

2.4169

3.5878

Seniors Lodge

.5744

.5744

Tax Rate

 13.4713

 18.1422

 
   
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