Tax Assessment
Property tax is determined by two things – the assessed value placed on the land and buildings (assessed by the Saskatchewan Assessment Management Association) and the mill rate determined by Town Council. Assessments are executed every four years and are subject to change by assessment appeal procedure.
Buildings or improvement assessments are determined by the assessor after a physical inspection. The assessor is guided by an assessment manual that sets out a classification of the various types of structures and quality of construction. The assessment manual is based on 2015 replacement values.
A full assessment of the province was completed for 2017. Saskatchewan Assessment Management Association (SAMA) completes a full assessment every four years. SAMA assessments have changed to reflect fair market value.
Education Mill Rates
The Saskatchewan Ministry of Education has set the 2019 education mill rates at: 1.43 mills for Agriculture, 4.12 mills for Residential, 6.27 mills for Commercial & Industrial, and Resource 9.68.
Mill Rate, Mill Rate Factor and Base Tax
The Council of the Town of Redvers has set the mill rate, mill rate factors and base tax for 2019.
The mill rate has been set at 5.71%.
The mill rate factors have been set for the following property classes: Agriculture — 1.00 , Residential — 1.00, Commercial & Industrial — 0.85.
A base tax of $950.00 will be placed on all property classes—Agriculture, Residential, Commercial and Industrial.
Mill Rate Factor Bylaw 649-2019
Photo courtesy of Tianna Toms