Proposed Changes to the Assessment Year Modifiers for Regulated Property in Alberta

by DMA Staff | Oct 02, 2017
The Alberta Municipal Affairs are requesting feedback on the 2017 Construction Cost Changes and Proposed Assessment Year Modifiers. Download the official notice to get the full details.

The proposed changes include increases to well assessments by over 18% and pipelines by over 10% based on the cost of construction from July 1, 2016 to June 30, 2017. Last year for comparison purposes, the modifiers dropped significantly. For example, as shown below the 2017 table of proposed modifiers, the modifier dropped to reflect lower construction costs by the following:

Proposed 2017 Annual Assessment Year Modifiers (AYMs)

2015 - 2016 Modifier Dropped to Reflect Lower Construction Costs
 Pipelines  -9.337%
 Wells  -14.67%
 Electric Power
 Telecommunication Carriers
 M&E  No Change
 Railway  -1.471%

If you have any questions about this information, please reach out to DMA's Calgary office at 403-263-2141 or by filling out a short form here.