2017 Revaluation Assessment
The Assessment Roll of the R.M. of Canwood No. 494 for the year 2017 has been prepared and is now open to inspection at the municipal office from Monday to Friday during office hours until Monday, June 12, 2017.
SAMA conducts revaluations based on a four-year cycle. 2013 was the year of the last revaluation, and the 2017 Revaluation will see assessed values updated to reflect a new base date of January 1, 2015. The legislated base date means that 2017 values reflect a property’s values as of January 1, 2015.
The Saskatchewan Assessment Management Agency (SAMA) determines the assessed value for properties in the rural municipality as part of a process established by provincial legislation. The province establishes property classes, percentages of value and exemptions. The province also sets the mill rate for the education sector. The final part of the process involves municipalities determining the local mill rate annually based on local budget needs. Municipalities then multiply the taxable assessment by the local mill rate* to produce property tax levies, also known as your Tax Notice.