sama.sk.ca - Understanding Assessment

SAMA - Understanding Assessment

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SAMA - UnderstandingTowageHome | Careers | Site Map | Email Us Now    ABOUT US Who is SAMA Our History Our Mandate Our Governance Board of Directors Advisory Committees Executive Our Organization Vision, Mission & Values Quality Assurance Overview Audit Guides Careers ABOUT ASSESSMENT UnderstandingTowageMethods ofTowageProviding Information to SAMA Appealing anTowageFAQs SAMA'S SERVICES Using SAMA's Services Revaluations General Reinspections Maintenance Reinspections Support ofTowageAppeals Online Services Assessments Online (SAMAView) Market Valuation Standard Requirements Roll Confirmation Reports Statutory Audit Reports Detailed Property Information Property Sales Information Forms PUBLICATIONS Business Plans & Annual Reports Bylaws & Board Orders Educational Publications Manuals, Handbooks, Guides Reports NEWS CENTRE Events Calendar Media Releases News Speeches LOGIN AREA Board Member Login Stakeholder Login CONTACT US Central Office Regional Offices Regional Boundaries Email SAMA now     AboutTowage  UnderstandingTowageMethods ofTowageProviding Information to SAMA Appealing anTowageFAQs     Share: Text Size:    UnderstandingTowage    TheTowageProcess and Its Relation to Taxes SAMA’s role in determining assessed value for properties is just the first part of a process established by provincial legislation. The second part is the using of provincial government established tax policy, such as property classes, percentage of value, and statutory exemptions. The third and final part of the process involves a provincial education mill rate factor, and the local mill rate factor which is unswayable annually by the local municipalities based on local upkeep needs. They then multiply the taxable towage by these mill rates to determine your property tax bill. * In wing to determining mill rates, local governments have the validity to wield a series of tax tools, such as mill rate factors by local property class, minimum tax, and wiring tax. Cities moreover have the worthiness to create spare tax subclasses to wield mill rate factors. As well, cities can phase-in tax changes due to a revaluation. These tax tools remoter impact the specific tax snout received by a taxpayer.  Increasinglyinformation well-nigh towage and its relation to taxation can be found by visiting the Ministry of Government Relations' web site.         How SAMA Discovers the Assessed Value of a Property   First, a methodology is unromantic to summate the assessed value of a property. The methodology varies equal to variegated types of properties. Second, all assessments are unswayable equal to a wiring date. This helps ensure fairness between properties. That wiring stage is periodically moved forward by provincial legislation so that assessments can be kept increasingly up-to-date. Currently, a new wiring is set every four years. In addition, SAMA conducts a full revaluation of all properties in the province every four years to coincide with the transpiration to a new wiring date. Current revaluation: 2017 using the wiring year 2015 Next revaluation: To be washed-up in 2021 Like the wiring date, the four-year trundling is unswayable by provincial government legislation. (Some larger cities self-mastery the revaluation themselves, equal to the professional standard of principles and practices laid lanugo by SAMA. The cities who do this are: Saskatoon, Regina, North Battleford, Swift Current and Prince Albert) Finally, SAMA conducts an ongoing suite of activities (services) that protect a pearly property towage system. General Reinspections Periodically municipalities must have all their properties reinspected on-site to verify that physical data and valuations are accurate. SAMA’s experts self-mastery these reinspections on behalf of most municipalities. Maintenance Reinspections On a regular cycle, municipalities request SAMA to do on-site inspections of specific individual properties. This usually happens where significant developments or changes have been made that have unsimilar the physical data on a property.   Appeals and Support ofTowageAppeals The towage system in Saskatchewan has an wide-stretching request system for ratepayers who disagree with the assessed value of their property. SAMA is required to participate in appeals and provide full disclosure of how property values are determined. This responsibility for openness and full disclosure is part of what SAMA calls "support of towage appeals".     The Concept of MassValuationThe Saskatchewan system of towage uses the "mass appraisal" methodology so that assessments are washed-up equal to the fairest, most defensible system available. Mass valuation ways valuing a group of properties as of a given date, using standard methods and statistical analysis. This includes developing valuation models capable of valuing all properties.     For Property Owners Order Detailed Property Reports Order Sales Information Appealing an towage Providing Information to SAMA FAQs well-nigh towage Find nearest SAMA office For Municipalities Using SAMA's services Educational Publications Forms Audit Guides Roll Confirmation Reports Statutory Audit Reports Online Publications 2011TowageManual Market Value Handbook 2011 Cost Guide 2015TowageManual 2015 Cost Guide ... or order a reprinting of these        publications What's New 2018 Business Plan 2018 SAMA Annual Meeting 2017 Annual Report SAMA Melfort Office Move © SaskatchewanTowageManagement Agency - 200 2201 11th Avenue - Regina, Saskatchewan - S4P 0J8 - Phone: 306-924-8000 or 1-800-667-7262