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Property ValuationABMEDIUM

What is CARB in the context of Alberta property assessment?

Correct Answer

B) The Composite Assessment Review Board, which hears assessment complaints for non-residential and large multi-residential properties

The Composite Assessment Review Board (CARB) hears complaints about assessments of non-residential properties and large multi-residential properties (with 4+ dwelling units) in Alberta. Residential properties with fewer than 4 units are heard by the Local Assessment Review Board (LARB). These boards are established under the Municipal Government Act.

Answer Options
A
The Canadian Assessment Review Board
B
The Composite Assessment Review Board, which hears assessment complaints for non-residential and large multi-residential properties
C
The Central Alberta Regulatory Body
D
The Commercial Assessment Rate Board

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Key Terms

CARBComposite Assessment Review Boardnon-residentialLARB
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