HOW ASSESSMENTS ARE PREPARED

SUPPLEMENTARY ASSESSMENT

SUPPLEMENTARY ASSESSMENT & TAXATION

A supplementary property assessment is required when a new building or an addition to an existing building is completed in the current calendar year. The supplementary tax bill will reflect the number of months the building was completed or occupied during the year.

Provincial legislation requires the City of Lloydminster to apply the same tax rates to supplementary assessments that were applied for annual property tax purposes; this includes both the municipal tax rate and the Provincial Education tax rate.

The City’s contracted assessor must determine the value of the new improvements added, then place the property on the supplementary assessment roll.