2023 PROPERTY TAX RATES:
Agriculture 9.4155 RM Mill Rate 1.42 School Mill Rate
Residential 9.4155 RM Mill Rate 4.54 School Mill Rate
Commercial 9.4155 RM Mill Rate 6.86 School Mill Rate *Mill Rate Factor .8437
Residential Minimum Tax $1659.00
Commercial and Industrial Minimum Tax $1779.00
Govt Relations – Understanding Assessment Appeals
SAMA (Saskatchewan Assessment Management Agency)
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 2021 using the 2019 base year. When a revaluation is completed, SAMA provides new values to each of our clients. Provincial legislation requires municipalities to use these values when determining taxes.
Since the 2009 Revaluation, the province of Saskatchewan has experienced unprecedented economic growth, and the value of property in the province is no exception. The result of this active and strong real estate market will be significant increases to property assessments. SAMA is updating assessments to capture the change in value caused by growth in the province, so that property assessments are transparent, understandable and accurate for our clients: taxpayers, local governments and the provincial government. Revaluation will seek to stabilize the assessment system from a governance perspective by not introducing any major changes to assessment policy. A stable system does not mean values will not change. Instead, values are more supportable and understandable.
For more information on SAMA, visit www.sama.sk.ca
Assessment Values are based on 2019 market values and the taxable assessment is 80% of that value for Residential, 55% for Agricultural, 45% for Non-Arable (grazing) and 85% for Commercially assessed properties. R.M. Council sets the Municipal Mill Rate (9.4155 in 2023) and the Province of Saskatchewan has set the education property tax mill rates as follows:
- for all agricultural property, 1.42 mills
- for all residential property, 4.54 mills
- for all commercial /industrial property, 6.86 mills
- for all resource (oil and gas, mines and pipelines) property, 9.88 mills
Taxes levied for any year are deemed to be due on and from January 1st of that year. Where taxes and penalties remain unpaid after December 31st in the year in which they are levied, a penalty of 1.42% per month shall be added.
Discounts are given for current taxes paid as per the following schedule:
If paid on or before July 31st – 6% Discount
If paid on or before August 31st – 6% Discount
If paid on or before Sept. 30th – 5% Discount
If paid on or before Oct. 30th – 4% Discount
If paid on or before Nov. 30th – 2% Discount