Tax and Assessments

Assessment

(Information from www.sama.sk.ca/ )

What is an Assessment?

An Assessment is the act of determining a property’s value.

What is the relationship between property assessment and taxes?

The key difference is that assessment – determining assessment values for all properties – is SAMA’s responsibility, while the task of setting property taxes belongs to municipal governments. The relationship between assessment and taxes comes from the fact that municipal governments levy taxes as a “mill rate” that is charged as a proportion of property’s assessment value.

Assessed value X Municipal mill rate = Property Taxes

Why did the value of my property change?

One of two things may have occurred:

The real estate market may have changed. Market forces are the usual cause of a change in assessments. These changing markets are seen every four hours years when SAMA does a “revaluation” that updates assessments using a new base year.

A property may also have been changed. For example, the buildings may have been upgraded. The change in physical data can happen any time.

Why is it that my assessment value may not match what I just paid for a property, or what another appraiser said my property is worth?

To create an equitable system, SAMA determines assessments that reflect long-term values, and avoid short term market fluctuations. The selling price for any individual property is always subject to short-term, local market conditions, not on long-term fair value. Even their assessments, however, may not be the same as what an individual buyer and seller may agree upon when selling a property.

What happens if I disagree with my property’s assessed value?

There is an appeal process you can follow. Contact your local municipal office or SAMA regional office.

I’m not sure if I should appeal. How can I find out if the assessment of my property is accurate?

First, contact your local municipal office and ask if an assessment open house or information meeting may have been scheduled. That will be an important source of information. You can also contact the nearest SAMA office. We would be happy to discuss the methods used to arrive at the value of your property.

Who decides how assessments are done?

The policies, procedures, and standards for assessment are determined by SAMA, and must be followed by all Saskatchewan municipalities. This job is mandated to SAMA by provincial legislation title ” The Assessment Management Agency Act.”

Who conducts assessments?

Each municipality determines who will conduct the assessments of its properties. SAMA has a staff, expertise and regional offices to provide this service and is contracted by many municipalities to do their assessment maintenance, revaluation and reassessment work. Some larger municipalities maintain their own staff of assessors.

Whats a base date?

The base date is the year on which property assessments are determined. For that reason, revaluations are done every four years so that assessed values remain as up-to-date as possible. The current revaluation was implemented in 2017 and is based on 2015 market conditions.

When is the next revaluation?

The next revaluation will be completed in 2021.

 

 

Taxation

Municipal Taxes

Your municipal taxes pay for your services such as police, fire, road maintenance, parks and recreational facilities, social services, municipal administration, public works staff, health, library, and council costs.

Education Property Taxes – Living Sky School Division and Light of Christ School Division

The Town of Spiritwood is responsible for collecting a portion of the provincial education tax from town property owners on behalf of the provincial government. The Board of Education relies on property taxes to support education throughout the province. While the Town of Spiritwood is required by legislation to collect school taxes and lodge authority taxes, the municipality has no control over the setting of the tax rates.

Taxation FAQs

Property and other taxes imposed by the Town of Spiritwood are deemed to be imposed on the first day of January in each year and shall be due on December 31st of the same year.

The Town of Spiritwood offers all taxpayers the opportunity to make monthly payments for their tax roll account rather than making a single annual payment. Please contact the Town Office if you are unsure of your monthly payment amount or to clear up any tax arrears.

The Town office also offers a Tax Incentive Program whereby discounts shall be allowed for prepayment of taxes from January 1st until November 30th with respect to the municipal portion only of their current year’s taxes on property.

 

IMPORTANT REMINDERS

  • Your property tax bill covers the period from January 1st to December 31st
  • Property Taxes are due December 31st
  • A yearly penalty of %16 is applied to any unpaid balance after December 31st. If still unpaid, Tax Enforcement proceedings will commence as per The Tax Enforcement Act
  • All charges on a tax account become the responsibility of the registered owner of the property
  • Non-receipt of your property tax notice does not except you from penalty due to late payment
  • If you do not receive your tax notice by August 15th, please contact the Town Office at (306)883-2161 or email tos@sasktel.net
  • If you are mailing your payment, please allow ample time for your payment to be postmarked by Canada Post on or before the due date.
  • You cannot appeal your taxes or your tax rate, you can only appeal you assessment and only when assessment roll is open
  • Your water and sewer bill can be added to your tax roll if you are a homeowner or business owner if unpaid