An assessment model refers to the provincial framework governing how properties are valued for taxation. This includes the valuation standard (typically market value), assessment cycle frequency, what properties are taxable or exempt, how different property classes are treated, and appeal procedures. Each province sets its own assessment model through legislation, creating variations across Canada. Some provinces use 'current value assessment' reflecting recent market values, while others may use historical base years. Understanding your province's assessment model helps property owners know how their taxes are calculated and what factors affect their assessed values.