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HOW ASSESSMENTS ARE
PREPARED
An Appraisal is an
estimate of value. Assessor’s value properties in Alberta using
a method called mass appraisal. Mass appraisal techniques allow
assessors to accurately value a large number of properties in a
short period of time.
Data
Collection
Before an
assessment can be prepared, property data must be collected.
Sources of information are property owners, Alberta Land Titles,
the real estate Multiple Listing Service and financial
institutions. Detailed information about each property is also
gathered by making on-site visits.
The assessors will
visit all properties with building construction in progress,
properties that have sold, as well as newly subdivided parcels.
As part of our requirement to re-inspect each property in the
M.D. of Foothills every five years we plan to visit
approximately 2000 properties this year.
With the number of
inspections that need to be done each year, the assessors are
unable to make appointments. We will arrive at your door
unannounced in the hope that you may be home. In the event no
one is home we will make note of any progress or changes visible
from the exterior of the buildings.
The assessors
drive M.D. of Foothills vehicles and have I.D. cards with them.
We do inspections 12 months of the year. We encourage you to
take the time to go over your assessment with them if they come
to your house for an inspection visit.
Thank you for your past and future cooperation with the
assessment process.
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