Assessment Process - Four-year Cycle
The property tax system in place in Saskatchewan is based on the principle known as "ad valorem" - that is, property taxes are based on the value of property. The City Assessor is responsible for determining the value of the property in Prince Albert following applicable provincial legislation and any rules determined by the Saskatchewan Assessment Management Agency (SAMA).
For 2009, the Assessment Division completed a reassessment of all properties as required by provincial government legistlation. The reassessment for 2009 updated the assessment values to reflect June 30, 2006 values from the previous reference year of 2002. This same provincial legislation requires a reassessment of all properties every four years. Therefore, the next reassessment is required to be completed and in place for January 2013 and will use the year 2010 as the reference year.
Assessment reform and the placing of fair, accurate and equitable values on properties is the primary focus of the City's Assessment Division and in support of this objective, significant effort is going into updating existing and collecting new property information.
For 2009, Saskatchewan moved to a 'regulated results' based mass appraisal market value system for most properties in the province which is monitored for compliance by the provincially-created Saskatchewan Assessment Management Agency. This change for 2009 brought the assessment system in Saskatchewan in line with those used in every other province in Canada.
Assessment Process - Four-year Cycle
The property tax system in place in Saskatchewan is based on the principle known as "ad valorem" - that is, property taxes are based on the value of property. The City Assessor is responsible for determining the value of the property in Prince Albert following applicable provincial legislation and any rules determined by the Saskatchewan Assessment Management Agency (SAMA).
For 2009, the Assessment Division completed a reassessment of all properties as required by provincial government legistlation. The reassessment for 2009 updated the assessment values to reflect June 30, 2006 values from the previous reference year of 2002. This same provincial legislation requires a reassessment of all properties every four years. Therefore, the next reassessment is required to be completed and in place for January 2013 and will use the year 2010 as the reference year.
Assessment reform and the placing of fair, accurate and equitable values on properties is the primary focus of the City's Assessment Division and in support of this objective, significant effort is going into updating existing and collecting new property information.
For 2009, Saskatchewan moved to a 'regulated results' based mass appraisal market value system for most properties in the province which is monitored for compliance by the provincially-created Saskatchewan Assessment Management Agency. This change for 2009 brought the assessment system in Saskatchewan in line with those used in every other province in Canada.