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REAL PROPERTY TAX - Assessment - Methods - Valuation of land - Considerations - Methods of - Market value

Monday, May 29, 2017 @ 7:04 AM  

Appeal by the City of St. Albert and the St. Albert Composite Assessment Review Board from a decision quashing the Board’s dismissal of complaints by the St. Albert Housing Society and Big Point Developments (Big Point). The complaints related to the City’s use of an income approach to determine the market value of 12 Nevada Place, a residential apartment complex containing 78 affordable housing units, for taxation purposes. Big Point was the developer of the complex. It received a capital grant from the Alberta government covering...