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Economic

From providing tools that support economic vitality to developing cost savings programs, your bottom line is important to us. 

​Scroll through the categories below to learn more about our Economic-related Programs & Initiatives. 

 

 

 

Economic Development Resources Hub

What is economic development?

Economic development can be seen as the sustained, concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. This may include development of human capital, critical infrastructure, regional competitiveness, social inclusion, health, safety, and literacy. Local governments can and should play a lead role in economic development, but private residents, community organizations, and regional interest groups also have an important part to play.

Definitions

Alberta School Foundation Fund

A provincial government fund into which all education funds are pooled and then allocated to public and separate system schools across Alberta.

Assessment

Process of placing a dollar value on property for taxation purposes.

Assessment base

The total value of all assessed property within a municipality.

Assessment class

Appeals and Complaints on Property Assessments

The Municipal Government Act provides a complaints and appeals system for property owners who have concerns about their assessment.

Prior to filing a complaint, property owners are encouraged to contact the assessor to review the issue. If the property owner determines that the issue has not been resolved, they have the option to file a written complaint with, depending on the type of property, the municipality’s assessment review board (ARB) or the Municipal Government Board (MGB).

How does the complaint system work?

Equalized Assessment

Equalized assessment is a process to audit and adjust the assessment data that each municipality reports to the province in order to reach a level of fairness in assessment amongst municipalities. Equalized assessment data is used by the province to determine requisitions for regional or provincial programs (e.g. education property tax) or the allocation of grants to municipalities.

Why is equalization of assessment necessary?

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