Assessment

Assessment of all property is undertaken by the Saskatchewan Assessment Management Agency .

Saskatchewan Assessment Management Agency (SAMA) is contracted to determine the fair value of all property within the Municipality.  All assessments are determined according to a base date and a reassessment is completed on all property every four (4) years. The 2017 year was a reassessment year using a base year of 2015.   The four year cycle is determined by provincial government regulations and the next reassessment year is 2017.

Property ClassTaxable Assessment is based on % of Fair Value
Residential80 % 
Multiunit Residential80 %
Agricultural Land55 %
Non-Arable Agricultural (Pasture) Land45 %
Commercial/Industrial100 %

 

(SAMA)    (Province)    (Local Government) (Tax Payer)
Assessed ValueXPercentage of ValueXMill Rate=Property Taxes
  Education Mill Rate    
  & Exemptions    


Examples:

1. Fair Value – Residential 
640,000
Taxable of 80 %
512,000
RM 2017 Mill Rate
  4.4 Mills 
Property Taxes
$ 2,186.24
  Residential Mill Rate
Factor  0.970
 
2. Fair Value – Commercial
1,192,600
Taxable of 100 %
1,192,600
RM 2017 Mill Rate
4.4 Mills
Commercial Mill Rate
Factor.940
Property Taxes
$4,937.37

 

See attached for example: