Taxable Land
The assessed value of the land parcel after the application of the appropriate percentage of value set out in The Rural Municipality Assessment and Taxation Regulations. As a majority of the acres in this parcel are arable land the percentage of value is 0.55.


Fair Value x Percentage of Value = Assessed Value
$25,000 x 0.55 = $13,750

Percentages of Value:
Other agricultural land and improvements = 55%
Commercial and industrial = 100%
Elevators = 75%
Non arable land and improvements = 50%
Multi-unit residential = 70%
Railway rights of way and pipeline = 75%
Residential = 70%
Seasonal residential = 70%



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