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| | Property tax, newsletter, Property Tax Matters, Fall 2005, Canada - Deloitte & Touche LLP |
 | | Where Saskatchewan’s assessment model is based on a “land-plus-buildings” cost-based concept, the Alberta model determines the property’s actual market value. “We’re really talking about the valuation of the property. How the jurisdictions tax them is another matter,” says Doug McLennan, Property Tax Manager in Edmonton. |
 | | For several years, the issue of accurate well depth used in the calculation of linear well assessments has plagued the oil and gas industry and tax advisors. |
 | | According to the legislation, the assessment calculation begins with the depth of the deepest producible zone, but in many cases Alberta Municipal Affairs (AMA) failed to incorporate the change in well depth afforded by cement bridge plugs downhole within the wellbore. |
| www.deloitte.com /dtt/newsletter/0,1012,sid=3634&cid=94846,00.html (2049 words) |
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