I can't speak for MACA, but I believe the way that assessments are usually done is that there's a division between land and buildings. For example, if you receive an assessment for taxation purposes from your municipality, there's a breakdown showing how much is assessed for the land and how much is for the building. I believe that's the way that MACA does it, but the Minister may know more about that than I do.
Louis Sebert on Question 235-18(3): Property Tax Assessments
In the Legislative Assembly on March 9th, 2018. See this statement in context.
See context to find out what was said next.