Understanding the tax levy

The Town of Crossfield assesses property based on provincial legislation and regulations.  The standard process in Alberta is determined by the “market value assessment”.  

The assessment is done by a provincially accredited independent assessor. The Town’s Administration and Council do not have the legal authority to change this assessment.

Market value assessments are done using mass appraisal models (the expression of supply and demand factors and the interaction in the real estate market), which determine property values by grouping similar properties as of a specific date. 

The 2024 assessment is an estimate of a property’s market value as of July 1, 2023 and reflects the characteristics and physical condition of the improvements on December 31, 2023.

The purpose of the assessment is not to reflect a single sale price, but to assess all properties at typical market value on the same valuation date.

Each year Town Council approved the budget needed to support Town services. To get the amount of revenues required from property tax, the Town takes the overall expenditure and subtracts all other sources of revenue such as license fees, permits user fees and provincial grants. The balance is the amount to be raised through municipal property taxes.

In order to calculate property tax, tax rates are established. The rates reflect the amount of tax to be paid for every $1 of assessed value.

The Municipal tax rate equals the total property tax revenue required by the Town of Crossfield divided by the total assessment.

2024 Property Tax and Assessment Information

Understanding your Combined Property Assessment and Taxation Notice

Tax amounts are based on the assessed value of your property and the tax mill rate. The Taxation Bylaw is approved by Town council each year, based on budget requirements for the current year.  

2024 Tax Mill Rates

Residential Tax Rates

Non-Residential Tax Rates