Assessment

Provincial legislation requires that the assessed value of all properties within Saskatchewan be updated every four years. This is because property values change over time due to changing market conditions. The next legislated reassessment is in 2025.

Assessment Notices will show that your property has been reassessed, or updated, to reflect a new assessed value

It means that the assessed value of your property might change.
The property reassessment process ensures that all property owners pay their share of municipal and provincial education property tax; owners of properties with similar values pay similar property tax. Education tax collected by the Municipality is remitted to the Province.
Your property's new reassessed value will be used as the starting point to calculate your property tax for the years 2021 - 2024, and will remain in place until the next provincially legislated reassessment in 2025.

SAMA is the agency that completes the Revaluation and provides this guide: How Property Assessment Works in Saskatchewan

Visit their site for resources and information relating to how Revaluation is conducted: SAMA - Revaluations

The Municipality will update its mill rate to reflect the updated property values, this mill rate will be used in the calculation to determine property taxes.

Why is the estimated assessed value of my house so different from what houses in my area are selling for?

Questions About your Assessment?

Understanding your Assessment

The Saskatchewan Assessment Management Agency (SAMA) manages the province’s property assessment system developed in consultation with municipalities, stakeholders and the provincial government.

The Agency provides assessment valuation services to 759 urban, northern and rural municipalities. It is directly responsible for the assessed values of approximately 869,000 properties in the province.

SAMA’s role in determining assessed value for properties is just the first part of a process established by provincial legislation. The second part is application of provincial government established tax policy, such as property classes and percentage of value, and statutory exemptions. The third and final part of the process involves municipalities annually determining the local mill rate based on local budget needs. The province sets the mill rate for the education sector. Municipalities then multiply the taxable assessment by the local mill rate* to produce property tax levies, also known as your property tax bill.

UNDERSTANDING YOUR ASSESSMENT