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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 non-residential and large multi-residential assessment complaints

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, a federal body that hears appeals from all provinces
B
The Composite Assessment Review Board, which hears non-residential and large multi-residential assessment complaints
C
The Central Alberta Regulatory Body, which oversees assessors in the central region
D
The Commercial Assessment Rate Board, which sets tax rates for commercial properties

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Key Terms

CARBComposite Assessment Review Boardnon-residentialLARB
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