AP 320 - Assessment Principles 3 Credits
Outline Effective Date 2015 Fall
12
Lecture Hours: 32
Course Description:
This course provides an overview of the property assessment and taxation system in Alberta. Advanced topics that govern assessment/taxation in both urban and rural jurisdictions are presented. Students are introduced to various aspects of provincial and local governmental responsibilities.
Rationale:
This is a required course for Real Estate Appraisal and Assessment major of Business Administration program. Assessment is both a dynamic and challenging field requiring knowledge of market value of real property and provincial/municipal legislation. Familiarity with provincial and municipal processing in assessment is essential for students working in the industry.
Prerequisites: AP 310 , AP 344
Corequisites: AP 444
Course Learning Outcomes:
Upon successful completion of this course, the student will be able to
- recognize and interpret the legislation that governs property assessment in Alberta.
- complete assessments of regulated properties.
- complete an assessment audit.
- describe and calculate education tax.
- explain equalization.
- learn the requirements of Assessment Professionalism.
Required Resource Materials:
Required Text:
Assessment Principles Resource Binder
Optional Resource Materials:
None
Conduct of Course:
This course is taught using a combination of lectures, discussions, and workshops to explore assessment procedures.
Attendance
Regular attendance is essential for success in any course. Absence for any reason does not relieve a student of the responsibility of completing course work and assignments to the satisfaction of the instructor. Poor attendance may result in the termination of a student from a course(s).
The instructor will recommend that the Registrar withdraw any student who does not meet the established attendance requirements. A failing grade of RW (Required to Withdraw) will appear on the student’s transcript.
In cases of repeated absences due to illness, the student may be requested to submit a medical certificate.
Instructors have the authority to require attendance at classes.
Content of Course:
Modules:
- Legislation and regulations pertaining to assessment in Alberta.
- Assessment audit, the expectations, and the parameters of acceptance.
- Equalized assessment/overview of assessment in Alberta and education taxation.
- Regulated assessment of farm properties and issues.
- Regulated taxation of industrial properties and issues.
- Professionalism in assessment.
Course Assessments:
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EXAMS
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Module 1
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30%
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Module 2
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15%
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Module 3
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15%
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Module 4
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15%
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Module 5
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15%
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Module 6
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10%
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TOTAL
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100%
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Attendance is mandatory for Module 6 (Professionalism).
Course Pass Requirements:
A minimum grade of D (50%) (1.00) is required to pass this course.
Students must maintain a cumulative grade of C (GPA - Grade Point Average of 2.00) in order to qualify to graduate.
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