Assessment Act

The Assessment Act is legislation that governs how property is evaluated for taxation purposes. It sets out the rules and processes for determining the value of properties, which directly affects the amount of property tax owners must pay. The Act ensures assessments are fair, transparent, and consistent across different properties within the jurisdiction. It also establishes procedures for appeals if property owners believe their assessed value is incorrect. Overall, the Assessment Act provides the legal framework that helps municipalities and governments generate revenue through property taxes while protecting property owners' rights.