Farm land is not assessed at market value. Farm land is valued using a provincially "regulated assessment" base rate which is currently $350 per acre for 100% land. This is decreased for land characteristics that reduce the ability of the land to produce income from farming operations.
The Rural Assessment Policy (RAP) allows a residence on farmland to be exempt from assessment, in whole or in part, based on the total accumulated assessed value of the qualifying farmland held by the farmer/rancher. The exemption applies only to land in Alberta owned by the farmer/rancher or leased from the Crown or from a municipality. Land that is privately leased does not qualify for an exemption. The maximum exemption is $61,540 for the first residence and $30,770 for other residences on a farm. These exemptions are monitored, updated and applied by the Assessment Department, and are shown on the assessment / tax notice in Mountain View County as "FIRST RES EXEMPTION" and "ADDNL RES EXEMPTION".
In order to qualify for farm status, the requirements set out in the following legislation must be met:
Excerpt from Alberta Regulation 203/2017 - Municipal Government Act:
2. (f) "farming operations" means the raising, production and sale of agricultural products and includes
(i) horticulture, aviculture, apiculture and aquaculture
(ii) the raising, production and sale of
(A) horses, cattle, bison, sheep, swine, goats or other livestock,
(B) fur-bearing animals raised in captivity,
(C) domestic cervids within the meaning of the Domestic Cervid Industry Regulation (AR 188/2014), or
(D) domestic camelids,
(iii) the planting, growing and sale of sod, and
(iv) an operation on a parcel of land for which a woodland management plan has been approved by the Woodlot Association of Alberta or a forester registered under Regulated Forestry Profession Act for the production of timber primarily marketed as whole logs, seed cones or Christmas trees, but does not include any operation or activity on land that has been stripped for the purposed of, or in a manner tha leaves the land more suitable for, future development.
Excerpt from Livestock and Livestock Products Act R.S.A.2000:
1. (e) "livestock" means horses, cattle, sheep, swine, goats, fur-bearing animals raised in captivity, domestic cervids within the meaning of the Livestock Industry Diversification Act, live poultry and bees.
If you believe you should be receiving farm status please contact the Assessment Department to complete a farm status declaration.Farm land is not assessed at market value. Farm land is valued using a provincially "regulated assessment" base rate which is currently $350 per acre for 100% land. This is decreased for land characteristics that reduce the ability of the land to produce income from farming operations.