Alberta

Land Experts in Alberta

Why Some Land Attracts Multiple Buyers and Other Land Does Not

By in Alberta with 0 Comments

Selling land is not simply a matter of choosing a price and waiting for someone to meet it. Two properties can come to market in the same region and receive completely different responses. One may generate calls, serious interest, and competing offers. Another may sit despite having plenty of positive attributes. The difference is not always the land itself. Pricing and positioning can determine how farmland buyers respond from the moment a property enters the market. Today’s serious buyers have access to market information, comparable transactions, financing data, soil information, and competing listings. Many have also spent years operating in the same region. If an asking price moves too far beyond what the market evidence can support, buyers may not simply negotiate lower. Some will decide not to participate at all. For sellers, that creates an important distinction: The objective is not to start with the highest possible asking price. It is to create the strongest possible market response. Strong Demand Does Not Make Every Price Work Alberta landowners have good reason to pay attention to recent market strength. Farm Credit Canada reported that Alberta cultivated farmland values increased 11.4% in 2025, after increases of 7.1% in 2024 and 6.5% in 2023. The FCC Farmland Values Report also points to limited supply and continued expansion activity as factors supporting farmland values. The Government of Alberta has reported that agricultural acres transferred declined by an average of 4.2% annually over the decade it studied, creating a market where quality land can be difficult to replace. That demand for agricultural land can create favourable conditions for sellers. But there is an important catch. A strong provincial market cannot determine what one individual parcel is worth. Alberta’s own agricultural transfer reporting cautions that regional data should not be treated as an appraisal of a particular property because parcel characteristics and market conditions vary. That is why market strength and property-specific pricing have to be considered together. Strong demand can support value. It cannot make an unsupported asking price credible. Today’s Buyers Are More Informed Than Ever Many sellers assume an interested buyer will submit an offer regardless of the asking price. Sometimes they will. Sometimes they will not. Experienced farmland buyers often know: 1. What nearby land has recently sold for 2. What competing properties are asking 3. Which local producers are expanding 4. How productive capacity compares 5. What financing currently costs 6. How long similar land has remained on the market 7. Where a parcel may have limitations 8. Which improvements actually matter to their operation Some buyers may even know the property well before it reaches the market. That changes the pricing conversation. An ambitious asking price can still be appropriate when there is evidence supporting it. The problem starts when the price becomes disconnected from what buyers can reasonably justify. When that happens, buyers do not always respond with a lower number. They may simply move on. Overpricing Can Reduce Competition Overpricing often feels safe from a seller’s perspective. The logic is understandable: start high, see what happens, and reduce the price later if needed. The risk is that qualified buyers may interpret the pricing differently. A buyer who believes a seller’s expectations are far beyond fair market value may decide that negotiations are unlikely to be productive. Instead of investing time in an offer, financing, inspections, or due diligence, they focus on another property. That reduces the buyer pool. And when fewer serious buyers participate, the seller may lose the competitive pressure that could have supported a stronger result. Across changing Alberta land markets, Hansen Land Brokers has seen situations where properties priced materially beyond supportable fair market value failed to generate the response the seller expected. In some cases, the eventual outcome may even fall short of what stronger initial positioning could have produced. That is not a guarantee. Every property and market are different. But the lesson matters: An asking price does more than communicate what the seller wants. It influences who chooses to enter the conversation. Proper Pricing Gives the Market Room to Compete Now consider the opposite scenario. A property enters the market at a price that qualified buyers can connect to the evidence. It does not need to be cheap. It needs to make sense in relation to: – Comparable transactions – Soil and productive capacity – Workable acreage – Location – Water – Road access – Improvements – Existing agreements – Local demand – Future-use potential – Current economic conditions When buyers see a credible opportunity, they can focus on the land itself instead of immediately questioning the pricing. If several qualified buyers see value, competition has room to develop. In Hansen Land Brokers’ experience, properly positioned land has a much more realistic opportunity to achieve fair market value and, where genuine competition develops, potentially exceed it. That is fundamentally different from simply starting with the largest number possible. Fair Market Value Requires Context There is no single formula that determines the value of Alberta land. The factors affecting farmland prices operate at several levels. Broad economic forces include financing costs, commodity conditions, farm profitability, available supply, and buyer confidence. Hansen explores several of these forces in How Changing Markets and Interest Rates Are Shaping Alberta Land Purchases in 2026. At the property level, the details become more specific. Soil, usable acreage, water, access, location, improvements, rights, restrictions, and potential future uses can all influence what buyers are prepared to pay. Hansen’s guide to how land value is determined in Alberta looks more closely at those factors. Some land may also attract interest because of uses beyond traditional agriculture. Infrastructure, energy development, and industrial requirements can create different value considerations for certain parcels. Hansen’s discussion of why Alberta is a strong location for data centres offers one example of how land characteristics can matter differently depending on the intended use. Market data provides evidence. Knowing how that evidence applies to a specific property requires judgement. The Right Buyer May See More

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How Changing Markets and Interest Rates Are Shaping Alberta Land Purchases in 2026

By in Alberta with 0 Comments

Interest rates quietly influence almost every land decision made in Alberta. They shape borrowing costs, buyer confidence, pricing pressure, and even how long land stays on the market. In early 2026, those forces feel more visible than they have in years. Buyers are paying closer attention, sellers are adjusting expectations, and long-term land decisions are being weighed with more care. This is not about short-term headlines or market noise. It is about how buying land interest rates affect real decisions, real financing, and real land values across Alberta. From farmland and ranchland to recreational and development parcels, interest rates continue to guide behavior in ways that last far beyond a single season. What follows is a grounded look at how interest rates affect land prices, what has changed recently, and how buyers can approach land decisions with clarity and confidence this year and beyond. Jump To: Why interest rates matter more for land than many expect Land behaves differently than housing. There is no uniform mortgage product, no standard buyer profile, and no single reason people purchase land. Some buy for agriculture. Some buy for future development. Others buy for lifestyle, legacy, or diversification. Because of that, buying land interest rates often influence land prices in indirect but powerful ways. Interest rates affect land in three primary areas: Financing access: Higher rates increase borrowing costs and tighten lending criteria. Buyer psychology: Shifts in rates influence patience, urgency, and perceived opportunity. Pricing flexibility: Sellers respond to buyer capacity, not just asking prices. Land does not react overnight, but it does respond steadily. A brief look at where interest rates stand in early 2026 As of February 2026, the Bank of Canada continues to hold rates at levels higher than the ultra-low period seen earlier in the decade. While volatility has eased compared to previous years, borrowing costs remain elevated relative to long-term historical lows. The Bank of Canada remains the most authoritative source for rate direction and monetary policy context. Their official rate announcements and economic outlooks provide helpful background for anyone planning a land purchase. For land buyers, the takeaway is simple. Rates are not extreme, but they are not cheap. That environment rewards preparation and patience rather than rushed decisions. How interest rates affect land prices in Alberta Land prices do not rise or fall solely because of interest rates, but rates influence the pace and tone of the market. Financing costs change buyer capacity When borrowing costs rise, monthly payments increase. For land buyers, this can mean: Smaller maximum purchase budgets Larger required down payments More scrutiny from lenders Longer approval timelines That does not remove buyers from the market, but it does narrow the pool at certain price points. Over time, pricing adjusts to match that reality. Cash buyers gain quiet leverage Higher rates tend to shift advantage toward buyers using less leverage. Cash or low-leverage buyers often find: More negotiating room Less competition Greater flexibility on closing terms This does not mean prices collapse. It means transactions become more measured. Sellers adjust expectations gradually Land sellers rarely panic. Unlike residential real estate, land ownership often carries less urgency. However, sellers do respond when listings sit longer or financing becomes harder for buyers. This adjustment happens slowly, but it happens. Alberta’s land market reacts differently by land type Interest rates do not affect all land equally. Alberta’s land market is diverse, and each segment responds in its own way. Farmland and agricultural land Farmland remains one of the most resilient land categories in Alberta. Even when buying land interest rates rise, farmland often maintains value due to: Income potential Long-term food demand Limited supply of high-quality parcels That said, rate pressure can slow transaction volume. Buyers take more time, and pricing growth tends to stabilize rather than surge. Ranchland Ranchland follows a similar pattern to farmland but adds lifestyle and operational considerations. Interest rates influence ranchland purchases primarily through financing structure and buyer intent. Buyers planning to operate or hold land for generational use tend to move forward even in higher-rate environments, though they often negotiate more carefully. Recreational land Recreational land is more sensitive to borrowing costs. When rates rise, discretionary purchases slow first. Buyers become selective, focusing on properties with: Access Water features Proximity to population centers Clear future utility Pricing remains stable on premium parcels but softens faster on secondary locations. Development land Development land reacts strongly to interest rates. Higher borrowing costs impact project feasibility, timelines, and investor appetite. This does not eliminate opportunity, but it shifts it toward well-located land with clear long-term demand. For a broader view on how development influences land value, this article provides useful perspective. Why Alberta land prices remain resilient despite higher rates A common assumption is that higher rates automatically push land prices down. Alberta’s land market tells a more nuanced story. Several factors support price stability: Population growth Agricultural demand Infrastructure expansion Limited supply in key regions Long holding periods among owners Interest rates influence timing more than long-term direction. Many buyers adjust how they buy rather than if they buy. Buying land interest rates and buyer strategy in 2026 The most successful land buyers in 2026 share a few common traits. They focus less on rate headlines and more on structure and planning. Strong financial preparation Buyers entering the land market today benefit from: Clear financing conversations early Flexible down payment strategies Conservative cash flow assumptions This preparation builds confidence and negotiating strength. Focus on fundamentals, not noise Short-term rate movements matter less than land fundamentals. Buyers who prioritize: Soil quality Location Access Zoning Long-term use tend to make better decisions regardless of interest rate cycles. Patience as a strategy Higher rates slow markets. That creates space for thoughtful decisions. Buyers willing to wait for the right parcel often secure stronger long-term value. How interest rates affect land prices over the long term One of the most overlooked aspects of land ownership is time. Land rewards patience more than timing. Historically, interest rate

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Key Data For Farm and Ranch Buyers: Exploring Recent Farmland Value Trends In Alberta

By in Agricultural Land with 0 Comments

Farmland values are an essential indicator of Canada's health of the land market. That’s why it’s important to explore recent trends in farmland values across Alberta and other provinces to better understand how farms and ranches are valued for sale in the area. We will also highlight some of the factors influencing these value changes. Skip To What You Need To Know: National Farmland Value Trends Recap: Factors That Affect Farmland Values The Farmland Value Trends In Alberta Farmland Values Change, But Good Land Deals Are Always Out There National Farmland Value Trends For the past three years, Canada has endured the economic effects of the COVID pandemic, extremely volatile weather, and supply-chain issues. Yet the nation's farmland value remains resilient with modest gains. Canada's farmland value increased from 5.4% in 2020 to 8.3% in 2021. Key elements such as steady demand, historically low-interest rates, reasonable commodity prices, and a limited supply of farmland for sale have contributed to this increase. Ontario and British Columbia farmlands lead the pack with 22.2% and 18.1% gains, respectively. While New Brunswick with a 5.2% increase and Alberta with a 3.6% growth tail behind. The severely dry weather has hampered yields of farmlands across the provinces, but irrigated lands were spared from the harsh drought. Recap: Factors That Affect Farmland Values The value of farmlands and ranches for sale in Alberta is influenced by several factors, such as Supply And Demand Like all commodities, farmland value follows the law of supply and demand. An increase in land value results from an increase in demand and a shortage of land, resulting in a surge in farmland prices. Interest Rates Low-interest rates make borrowing more accessible, which stimulates buying power. When interest rates increase, fewer people can afford rural land purchases. Outside Investors An influx of non-farming investors looking to diversify their portfolios can increase rural land prices. They can also influence the land rental market. This encourages local farmers to rent instead of purchasing their own plots of land. Farm Revenue, Price, And Rental Rates Farm revenue influences price and rental rates. By looking at these figures, you can determine your current market conditions and predict the outlook of your property. Productive Value Of The Farmland For a potential investor, valuable farmland shouldn't just be bought at a reasonable price. It should be generating income and should have a potential for growth in the future. The Farmland Value Trends In Alberta Despite the effects of the pandemic and erratic climate, Alberta's farmland values grew moderately, with a 6.0% increase in 2020 and a 3.6% gain in 2021. While most drylands from other provinces suffered low yields from the severe drought, Alberta farmlands managed to neutralize this due to the high commodity prices. Most transactions also took place before the drought. The range of values per acre for rural properties is quite broad. Lower-priced vacant land experienced a significant percentage increase, which resulted in a slight rise in per-acre prices. Southern Alberta Exceeds Expectations Farmland value increased by 6.2% in 2021 because of land base expansion. The producers were likely convinced to expand to meet the demands of essential goods like root crops. The need for irrigated lands is also a critical factor in this growth. The value of irrigated land in Southern Alberta grew to 10.7% this year. Peace Region and Northern Alberta's Appreciation Rates Slow Down The Peace Region, with a 3.6% increase, and Northern Alberta, with a 1.5% growth, clearly only experienced a slight increase in 2021. There were a few vacant farmlands put for sale in the Peace Region. Most of the increase in value happened in the northernmost part of the region. Northern Alberta produced modest yields but was still under par compared to the areas. The area's unpredictable weather might have also driven potential buyers away. Competition Fuels Increase of Central Alberta's Farm Land Value Last year, farmland value in Central Alberta increased by 3.5%. Vacant rural lands in the northeastern area attracted the most interest, which ignited tense competition. The particular corner of the region had diverse buyers, supply-managed farms, and crop producers. Farmland Values Change, But Good Land Deals Are Always Out There Overall, the farmland value trends in Alberta have been stable despite the persistent issues posed by the pandemic and climate change. The farms and ranches for sale in Alberta have been affected by different factors in the market. However, this is also an excellent opportunity to find suitable land deals and invest in farms with the right potential for long-term growth. Ultimately, buyers should consider a farm site's terrain, location, and productivity. These factors will determine whether the purchase would be an excellent long-term investment. Whether you're looking for farmland or plan on selling one, Hansen Land Brokers is here to help. We can guide you through the unpredictable market trends and buying process. Contact us today to get started!

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CREB 2021 – Long Service Recognition

By in Alberta with 0 Comments

Shawn Hansen Awarded In CREB 2021’s Long Service Recognition Calgary, AB – The Calgary Real Estate Board or CREB®   awarded Shawn Hansen of Hansen Land Brokers of High River Alberta for his 30 years of long-standing commitment to CREB and his dedication to real estate. Through the years since Hansen earned his license, he has been involved in several of Western Canada’s largest land auctions in the agricultural, development, investment, and transitional land sectors. In the 2021 Diamond Gala held last June 3, CREB recognized milestones in their members’ careers and gave certificates to active members with 25 or more years of service, excluding service interruptions. “I was very fortunate to have fond this unique niche in this industry. It’s been lots of hard work, but the rewards have been outstanding. We’re looking forward to the next few years with optimistic anticipation. ” The annual Diamond Gala acknowledges realtors who have gone above and beyond for their industry and for their community. In addition to the Diamond Gala, CREB® offers a number of additional events throughout the year that provide members with networking opportunities with their colleagues, industry partners, and most reliable suppliers and sponsors. All real estate and land professionals recognized by the CREB are active members of the Real Estate Board. For more information about the awards, visit their website at https://www.creb.com/ About the Realtors® Land Institute (RLI) The Calgary Real Estate Board (CREB®) is a professional association of over 6,700 licensed REALTORS® across the Calgary region. As one of the largest real estate boards in Canada, CREB® provides members with essential resources to enhance professionalism, advance the industry’s development and enrich the communities they serve. Learn more at www.creb.com

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2021 Apex Award – Producers Club

By in Alberta with 0 Comments

Shawn Hansen Recognized in RLI’s 2021 APEX Producers Club March 24, 2022 (High River, Alberta) – Shawn Hansen of Hansen Land Brokers Inc. from High River, Alberta has been recognized as a part of the 2021 APEX Producers Club by the Realtors® Land Institute (RLI) as a part of the RLI APEX Production Awards Program, sponsored by The Land Report. Shawn Hansen was recognized by RLI CEO Aubrie Kobernus, MBA, RCE, and The Land Report Co-founder Eric O’Keefe on Thursday, March 24, during RLI’s 2022 National Land Conference (NLC22) in San Antonio, TX, at a dinner that included special guest Jamey Clement, Retired Chairman of the Board of Texas’ King Ranch, the nation’s largest ranch at 825,000 acres. “I am really excited and honoured to be mentioned in the same breath as these other dedicated professionals. I can't express enough how achieving my ALC accreditation has helped in the building of our company. A quick Thank You to George for all his support throughout the years. ,” said Shawn Hansen upon receiving the award. “We are proud of Shawn Hansen and all of our members that were recognized as part of our award programs for their accomplishments in 2021,” Kobernus said. “They truly are the cream of the crop when it comes to land real estate professionals.”  Top awards winners will receive national recognition in The Land Report magazine, in RLI’s Terra Firma magazine, and in additional promotions throughout the year.  All land professionals recognized as part of the RLI APEX Producers Club are active members of RLI and had at least $5M of qualifying production volume in closed land sales in 2021. The APEX Awards celebrated its fifth year by continuing to boom, with 203 applicants (+45% over 2020) totaling a combined $8.4 billion in qualifying production volume (+240%) representing 8,696 sides. For more information on the award winners, be sure to get a copy of The Land Report, one of the industry’s leading magazines for landowners and land professionals, which will include the top winners in the spring 2022 issue. All land real estate professionals are invited to join RLI and apply to the prestigious APEX Awards Program next March at NLC23 in Denver. Learn more at rliland.com. About the Realtors® Land Institute (RLI) Founded in 1944, the REALTORS® Land Institute (RLI) elevates the level of professionalism in the land industry and serves as The Voice of Land by being the destination for land-industry expertise. Our elite Accredited Land Consultant (ALC) Designation distinguishes the members who achieve it as the best in the industry. Learn more about RLI at www.rliland.com.

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  • The Benefits of Farmland Investments
  • Find the Farmland You Need

Why Start Investing in Farmlands Today?

By in Alberta with 0 Comments

Your hard-earned money doesn't have to sit in a savings account with a compounded interest of next to nothing. And now, with inflation of 7.6% just last July, it's more important than ever to find a place for your money to grow and to mitigate risk against rising costs. Real estate is, of course, a prime example of an investment that has historically outpaced inflation. But a particular asset class within real estate often overlooked is farmland. Farmland has always been a solid investment, and with farmland in central Alberta being some of the most productive in the world, it's a great place to start investing today. The Benefits of Farmland Investments 1. Farmland Values Have Increased Steadily The average price of farmland continues to rise through the years. According to Statista, the value per acre of farmland for sale in Central Alberta has increased to $3,164 in 2021 from $3,009 in 2020, which is way higher than the $1,514 price back in 2010. The factors contributing to this long-term trend are varied and complex, but they can be boiled down to two main drivers: population growth and technological advancement. As the world's population continues to grow, the demand for food will only increase. This will put upward pressure on prices for all agricultural products that farmlands supply. At the same time, technological advances have increased farmers’ productivity and made farming more efficient. Farmland values are likely to keep getting higher as demand for food increases and farmers get better at producing it.  2. Farmland Is a Limited Resource There are many reasons why farmland is a wise investment, but chief among them is that there's only so much land to go around. Unlike stocks or commodities, which can be produced in unlimited quantities, farmland is a finite resource. There are only limited acres of land available for farming, which means that demand will always exceed supply. One of the reasons that farmland values continue to spike is that land is becoming increasingly valuable as development pressures increase. Because urban areas continue to expand, they encroach on rural areas, taking up land that has traditionally been used for farming. With the advent of industrialization, there is less land that can be used for agriculture, further driving up farmland prices. With this said, farmland is not subject to the same economic forces that can cause other investments to fluctuate wildly in value. That makes it a great place to park your money if you want to earn a steady return on your investment. Farmlands offer investors stability and security that other investments may not provide. 3. Investing in Farmland Can Help Diversify Your Investment Portfolio  Farmland is a unique asset class that is not correlated with the stock market or other traditional investments, making it an ideal way to diversify your portfolio. It offers many benefits, including the potential for high returns and protection from volatility. With careful research and due diligence, investing in farmland can be a smart way to secure your financial future. Plus, farmland prices tend to go up when inflation goes up, making it a good hedge against the drawbacks of inflation. This makes sense because when the cost of living increases, so does the cost of food. And since farmland is a key input in food production, its value usually rises along with inflation. 4. Farmland is a Tangible Asset  When you own farmland, you have a physical property that you can pass down to future generations. You can walk on the land and feel the soil beneath your shoes. You can lead your livestock to graze on a pasture. You can see the crops growing and harvest them in due time. Everything is right there before your eyes, and you can touch them rather than just read some words on a contract. Aside from its physical features, farmland is also considered a "real asset" because its value is not directly impacted by inflationary pressures like stocks and bonds can be. Since it is tangible, it can be used as collateral for loans or sold if necessary. This makes it an ideal way to secure your wealth over the long term. 5. Investing in Farmland Can Help Diversify Your Investment Portfolio You Can Generate Income From Farmland Through Leasing or Selling Farm Products Farmland owners have many options for generating income from their property. If you’re not inclined to farm but still want to make money from your land, you can lease it to farmers or make it a venue for occasions and recreational activities. But if you’re willing to put in the work yourself or hire workers, you can sell products you procure from your farm. When you grow crops and breed livestock, you can get eggs, milk, meat, fruits, wheat, and vegetables. You can even value-add some of these products by turning them into jams, jellies, or baked pastries. They can also be processed into dry or refrigerated goods like flour and sugar or sausages and hams. If you have a large area with plenty of trees, you can offer firewood and timber as well. Whichever means you choose in earning, you must first consider what would work best for you and your farm. With the right management, it can provide you with a steady stream of earnings for decades. Find the Farmland You Need Purchasing farmland by yourself can be a difficult endeavor. The process is complicated, time-consuming, and financially draining. However, you can count on us to make everything easier and faster. We at Hansen Land Brokers are committed to helping you find the perfect farmland for sale in Central Alberta that meets your preferences. Whether you're a first-time buyer or an experienced investor, we can guide you through the buying process from start to finish. View our listings or get in touch with us today to learn more about our services. 

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How Does Land Tax Actually Work In Alberta

By in Alberta with 0 Comments

In simple terms, land tax or property tax is a tax that you pay on the ownership of property. The amount of tax you pay is based on the value of your property. In Alberta, these properties are taxed based on the “ad valorem” principle, which translates to “according to value.” This means that the taxes you pay are based on an assessment of your property’s worth, as opposed to a flat rate. But who sets Alberta land prices? How is the value of your property determined? How can one make queries/complaints about these prices? We're going to take a look at all of that here in this blog so that the next time you get your bill, you'll at least have a better understanding of how it all works. Property Tax In General The general process of property tax goes something like this: First, the governing municipality will assess the value of all the properties in the jurisdiction. They will then come up with a rate that will be applied to that value to determine the amount of tax that is owed.  Once the rate is set, each property owner will be sent a bill for their share of the taxes. The owner will then have a certain period of time to pay the taxes. If the taxes are not paid on time, there may be interest or late fees added to the bill. In some cases, the government may also offer tax breaks or exemptions for certain types of properties, such as those used for business or owned by seniors. Once the taxes are paid, the government will use the money to fund public services in the jurisdiction. Property Assessment In Alberta In Alberta, each municipality is responsible for assessing the value of properties within its boundaries. The municipality conducts these assessments annually and in accordance with guidelines set by the Ministry of Municipal Affairs and the Alberta Assessment and Property Tax Policy Unit. The municipality will use a variety of methods to assess the value of a property, including looking at recent sales of similar properties, the size of the property, and the type of property. There are two main standards that are used to assess property values in Alberta: the market value-based standard and the regulated procedure-based standard. Market Value-Based Standard The market value-based standard is the most common method of assessment in Alberta. This method looks at the sale prices of similar properties in the area to determine the market value of a property. This value is then used to calculate the amount of taxes owed.  There are three approaches to determining the market value-based assessment of property: The Sales Comparison Approach - Under this approach, the municipality will look at recent sales of similar properties to determine the value of a property. This is the most common method of assessment in Alberta. The Income Approach - This  approach is used to assess the value of income-producing properties, such as rental properties and businesses. The municipality will look at the potential income that the property could generate to determine its value. The Cost Approach - More often than not, new properties or properties that have been significantly renovated will be assessed using the cost approach. Under this approach, the municipality will look at how much it would cost to replace the property with a similar one Regulated Procedure-Based Standard Sometimes, it becomes difficult to assess a property because of issues like special zoning, a lack of sales data, or physical features that make it unique. In these cases, the municipality may use the regulated procedure-based standard to assess the property.  Under this approach, the municipality will look at a variety of factors to determine the value of the property. At the moment, there are four types of properties that can be assessed under the regulated procedure-based standard:  Farmland  Linear property  Machinery and equipment  Railway property Alberta Land Prices and Tax Once the municipality has assessed the value of a property, they will apply a tax rate to that value to determine the amount of taxes owed. The tax rate is set by the municipality and is usually expressed as a mill rate.  For example, if the mill rate is 10, that means that the property owner will owe $10 in taxes for every $1,000 of their property’s value. So, if a property is assessed at $100,000 and the mill rate is 10, the property owner would owe $1,000 in taxes ($100,000 x 0.01 = $1,000).   The amount of taxes that a property owner owes can also be affected by the type of property they own. For instance, properties that are used for business purposes are typically taxed at a higher rate than residential properties. The municipality may also offer tax breaks or exemptions for certain types of properties, such as those used for business or owned by seniors.  Assessment Notices Every year, a municipality is required to send an assessment notice to every assessed person named on the assessment roll. The assessment notice will include important details like the property’s value, the tax rate, and the amount of taxes owed.  If a property owner disagrees with their assessment, they can contact the municipality to discuss their options. In some cases, the municipality may be able to adjust the assessment. If the property owner is still not satisfied with the assessment, they can file an appeal.  Appealing Your Property Assessment If you disagree with your property assessment, you have the right to appeal it. This is solidified under the Municipal Government Act which also established a "complaints and appeals" system.  The first step in appealing your assessment is to contact the municipality’s assessment review board. From there, you can file a complaint with an assessor who can request for an inspection and make changes to the assessment if they deem it necessary.  If you’re still not satisfied with the assessment after this process, you can file an appeal with the Alberta Assessment Review Board (AARB).

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