Assessment

The Saskatchewan Assessment Management Agency (SAMA) determines the fair value assessment of all property in the municipality. SAMA conducts revaluations every 4 years. The four-year cycle is determined by provincial government regulations. The 2025 revaluation will see assessed values updated to reflect a new base date of January 1, 2023. The next revaluation will be in 2029.

Property Class Taxable Assessment is based on % of Fair Value
Residential 80 %
Multiunit Residential 80 %
Agricultural Land 55 %
Non-Arable Agricultural (Pasture) Land 45 %
Commercial/Industrial 85 %

(SAMA) (Province) (Local Government) (Tax Payer)
Assessed Value x Percentage of x Mill Rate = Property Taxes
Value Education
Mill Rate &
Exemptions

Examples:

1. Fair value – Residential = $450,000
   Taxable of 80% = $360,000
   RM 2021 Mill Rate = 5.27 mills
   Property Taxes = $1,897.20
2. Fair Value – Commercial = $850,000
   Taxable of 85% = $722,500
   RM 2021 Mill Rate = 5.27
   RM Commercial Mill Rate Factor = 1.765
   Property Taxes = $6,720.37