Assessment & Taxation

Municipal Assessment & Taxation

The RM of Sherwood uses the Saskatchewan Assessment Management Agency (SAMA) to calculate and update all assessments within the municipality.  SAMA performs annual maintenance updates to properties showing an increase or decrease in assessment.

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 2013 using the 2011 base year. The next revaluation is to be done in 2017.  Provincial legislation requires municipalities to use these values when determining tax amounts for a property.

In 2009 SAMA introduced SAMAView on its website. Now anyone can do an on-line search for property assessment information in municipalities where assessment services are provided by SAMA.

SAMAView                 http://www.samaview.ca/sama/

More detailed information on SAMA and assessments can be found at  http://www.sama.sk.ca/

Copies of assessment field sheets will be provided to the owner of the property, upon request, at no charge. The cost of providing copies of assessment field sheets to any other person is set at $10.00 per property.

Further information regarding Property Assessment and Taxation can be found on the sites below:

Saskatchewan Assessment Management Agency Website           www.sama.sk.ca

Government of Saskatchewan Website    www.municipal.gov.sk.ca/     www.education.gov.sk.ca/

What is the relationship between property assessment and taxes?

SAMA has been mandated the responsibility for determining assessment values for all properties, 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 a property’s assessment value.

Understanding Assessment

SAMA first determines the assessed value for the property. After that, a provincial government tax policy is applied. The policy multiplies a percentage formula against the assessed value, producing what is called the taxable value.

Provincial Property Classes and Percentage of Value:

Property Class Taxable Percentage
(A) Agriculture 55%
(N) Non-arable (Range) 40%
(R) Residential 70%
(C) Commercial 100%
(E) Elevators 100%
(P) Railway 100%

2016 Municipal Property Tax Mill Rates

The municipal mill rates set for the 2016 tax year are as follows:

Property Class Mill Rate Mill Rate Factor
(A) Agriculture 7.86 mills 1.404
(R) Residential 7.86 mills 0.969
(C) Commercial/Industrial 7.86 mills 0.940

Mill Rate Factors

A municipality may use mill rate factors to transfer some of the cost of public services from one property classification to another.  All property in a municipality is classified as agricultural, residential or commercial / industrial.  Mill rate factors essentially adjust the mill rate, with the result that the effective mill rate for a specific property classification may be higher or lower than other property classifications.

2016 Education Property Tax Mill Rates

As of January 1, 2013 municipalities cannot apply discounts or incentives to education property tax.

Mill rates for education taxes are set by the Government of Saskatchewan. More information on the setting of education property tax mill rates can be found at www.education.gov.sk.ca/

The mill rates set for the 2016 tax year are as follows:

Property Class Mill Rate
(A) Agriculture 2.67 mills
(R) Residential 5.03 mills
(CO) Commercial/Industrial 8.28 mills
(CR) Resource (Oil, Gas, Pipelines, etc.) 11.04 mills

Property Tax Payments & Discounts

The deadline for payment of taxes is December 31st.

DISCOUNTS FOR EARLY PAYMENT OF CURRENT YEAR MUNICIPAL TAXES

  • 5% on or before August 31st
  • 4% on or before September 30th
  • 3% on or before October 31st
  • 2% on or before November 30th
  • 0% after November 30th

As of January 1, 2013 municipalities cannot apply discounts or incentives to education property tax

DISCOUNTS FOR EARLY PAYMENT OF CURRENT YEAR HAIL TAXES

  • 5% if paid before October 1st
  • 4% if paid on or after October 1st but before November 1st
  • 2% if paid on or after November 1st but before December 1st

As of January 1, 2016 Sherwood C&D Area No. 151 is not offering discounts on applicable C&D taxes

Late Payment penalties

Late payment penalties are added each month to property taxes that remain unpaid as of December 31st of each year, at the rate of 1.0% per month or 12.0% per annum.

Taxation in Rural Municipalities – Assessment Exemptions

If you occupy a dwelling in the RM of Sherwood, you may qualify for an exemption to reduce all or a portion of the taxable assessment on your principal dwelling, as per section 293 of The Municipalities Act. Dwellings located within hamlets are excluded.

The total taxable assessment of any agricultural land you own or lease located within the RM of Sherwood or in adjoining Saskatchewan rural municipalities will be applied to reduce your residential taxable assessment. An assessment can only be used to reduce residential taxable assessment once.

An affidavit listing land owned or leased within the municipality or adjoining municipalities must be completed and returned to the assessor prior to March 31 of the tax year to receive the exemption.

S. 293 Exemption Affidavit Form – Individual

S. 293 Exemption Affidavit Form – Partnership or Corporation