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Property values are determined by Saskatchewan Assessment Management Agency (SAMA) Methods of Assessment – The methodology for calculating assessed value differs according to different types of properties. Listed below are the different ways this methodology is applied. Valuation Standards – There are two valuation standards set out in province legislation:
  • Market Valuation; and
  • Regulated Property Assessment Valuation Standard
Residential and commercial properties fall under the Market Valuation Standard. Provincial legislation deems these properties to have a “non-regulated property assessment” that is achieved when the assessed value of property:
  • is prepared using mass appraisal;
  • is an estimate of the market value of the estate in fee simple in the property;
  • reflects typical market conditions for similar properties; and
  • meets quality assurance standards established by order of the agency.
Agricultural land, heavy industrial property, resource production equipment, railway roadway and pipelines fall under the Regulated Property Assessment Valuation Standard. Legislation deems these properties to have a “regulated property assessment”.   Revaluations  The provincial government mandates SAMA to conduct periodic revaluations of all Saskatchewan properties every four years to coincide with the change to a new base date. The current revaluation was completed in 2017 using the 2015 base date. The next revaluation is to be done in 2021. When a revaluation is complete, SAMA provides new values to municipalities. Provincial legislation requires municipalities to use these values when determining taxes.
  • For detailed revaluation, visit the SAMA website.