Taxes

2016 Combined Assessment and Tax Notice 

Combined Assessment and Tax Notice 2016

Notice of Preparation of Assessment Roll 2016

Town of Lumsden Appeal Form

Govt Relations – Understanding Assessment Appeals

SAMA (Saskatchewan Assessment Management Agency)

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.  When a revaluation is completed, SAMA provides new values to each of our clients.  Provincial legislation requires municipalities to use these values when determining taxes.

Since the 2009 Revaluation, the province of Saskatchewan has experienced unprecedented economic growth, and the value of property in the province is no exception. The result of this active and strong real estate market will be significant increases to property assessments that will be reported in the 2013 Revaluation.  SAMA is updating assessments in 2013 to capture the change in value caused by growth in the province, so that property assessments are transparent, understandable and accurate for our clients: taxpayers, local governments and the provincial government.  The 2013 revaluation will seek to stabilize the assessment system from a governance perspective by not introducing any major changes to assessment policy. A stable system does not mean values will not change. Instead, values are more supportable and understandable.

For more information on SAMA, visit www.sama.sk.ca

Municipal Taxes

Council adopted the 2016 budget and set the mill rate of 8.26 mills, which represents a 0.16 mill increase from last year. Below a table shows the municipal tax levy for the Town of Lumsden.

Year

Taxable Assessment

Municipal Tax Levy

2016

$170,272,940

 $1,406,454

2015

$164,536,585

$1,332,746

2014

$157,849,525

$1,239,119

2013

$153,099,145

$1,125,279

2012

$77,225,615

$1,032,933

2011

$74,791,895

$885,813

2010

$72,578,365

$714,440

2009

$69,458,880

$614,273

2008

$54,189,450

$573,172

2007

$51,548,130

$493,687

2006

$49,931,895

$478,208

2005

$49,185,815

$442,535

2004

$41,538,805

$415,388

2003

$40,486,205

$389,477

2002

$39,696,305

$362,030

2001

$39,433,565

$359,634

Red indicates Revaluation Year

School Taxes 
As a result of changes to the provincial budget, Saskatchewan property owners will pay significantly less education property tax. The provincial government will set province wide tax rates for each of the three major property classes (residential, commercial and agricultural). Click here to see examples of Education Property Tax Savings.

Year

Taxable Assessment

School Tax Levy

2016

$170,272,940

 $891,203

2015

$164,536,585

$863,373

2014

$157,849,525

$828,435

2013

$153,099,145

$818,522

2012

$77,225,615

$763,850

2011

$74,791,895

$734,572

2010

$72,578,365

$740,103

2009

$69,458,880

$709,104

2008

$54,189,450

$1,232,810

2007

$51,548,130

$1,018,076

2006

$49,931,895

$986,155

2005

$49,185,815

$909,938

2004

$41,538,805

$818,314

2003

$40,486,205

$773,286

2002

$39,696,305

$742,321

2001

$39,433,565

$737,408

 Red indicates Revaluation Year

Should you wish additional information regarding the school taxes, please contact either a member of the Board of Education or a Local Trustee.

Assessment Values are based on 2013 market values and the taxable assessment is 70% of that value for Residential, 55% for Agricultural, 45% for Non-Arable (grazing) and 100% for Commercially assessed properties. Town Council sets the Municipal Mill Rate (8.26 in 2016) and the Province of Saskatchewan has set the education property tax mill rates as follows:
• for all agricultural property, 2.67 mills
• for all residential property, 5.03 mills
• for all commercial /industrial property, 8.28 mills
• for all resource (oil, gas, mines & pipelines), 11.04 mills

MUNICIPAL TAX DISCOUNT CHANGE

The municipal discount offered on current year levies will be 5% if paid by June 30th.  There will be no discount offered if the current year levy is paid after June 30th.  Therefore, to ensure that you receive the 5% Discount, taxes must be paid by June 30th.  Tax prepayments for future year levies will continue to receive the 5% discount throughout the year.  For detailed information on the Tax Discounts and Penalties, please see Bylaw 17-2012.  The Combined Tax and Assessment Notices should be sent out the first week in May.  NOTE: there is no discount on the school portion of the tax levy.

The Saskatchewan Assessment Management Agency (SAMA) provides a “SAMA View” website which allows you to search property assessment information in any municipality where assessment services were provided by SAMA and allows comparison of assessments between similar properties.  The SAMA View tool can be found at http://samaview.sama.sk.ca/sama/

TAX CONCESSION POLICY

The Town of Lumsden developed the Tax Concession Policy in order to support small business in the community.  The policy in its entirety is below.

Tax Concession Policy