Tax & Assessment

Assessment

 

Property assessment is the process of determining a property’s assessed value for property tax purposes as of a specific date. Assessed value is not market value; however, for most types of property it is close to the average market value in that municipality or neighbourhood. Assessed value is determined by applying the market valuation standard and the rules and procedures that are contained in The Municipalities Act, Saskatchewan Assessment Manual and, by following the appropriate statutes.

Local governments use property assessments as a basis for the distribution of property taxes among property owners. Property assessment is not the same as property tax. The assessment of a property is the value assigned to it as the basis for allocating taxes among various classes of property. Property Assessments are performed by SAMA (Saskatchewan Assessment Management Agency)

For more information on assessments including information on appealing an assessment please review our document: What is property assessment?

Assessment Appeal Form (Form F)

2020 Property Tax Information

Municipal Taxes: 

Mill Rate – 12.001
Residential Mill Rate Factor – 0.7766
Commercial Mill Rate Factor – 2.895
Agricultural Mill Rate Factor – 2.8

Residential Base Tax

  • Land: $300
  • Improvements: $425
  • Land with improvements: $725

Agricultural/Commercial/Industrial Minimum Tax

  • Land: $600
  • Improvements: $800
  • Land with improvements: $1400

School Taxes:

Agricultural Mill Rate – 1.43
Residential Mill Rate -4.12
Commercial/Industrial Mill Rate – 6.27
Resource Mill Rate – 9.68

Examples:

How to calculate your property taxes in just four simple steps.

Residential
  1. Taxable Assessment x Mill Rate / 1000 = Initial Levy
  2. (Initial Levy x Mill Rate Factor) + Base Tax = Municipal Levy
  3. Taxable Assessment x School Tax Mill Rate = School Tax Levy
  4. Add your Municipal Levy amount to your School Tax Levy amount to calculate your total taxes owed.
Agricultural / Commercial / Industrial
  1. Taxable Assessment x Mill Rate / 1000 = Initial Levy
  2. (Initial Levy x Mill Rate Factor)  = Municipal Levy
    • If your Municipal Levy is LESS than the Minimum Tax, you pay the Minimum Tax. If your Municipal Levy is MORE than the Minimum Tax you pay the Municipal Levy as calculated.
  3. Taxable Assessment x School Tax Mill Rate = School Tax Levy
  4. Add your Municipal Levy (or Minimum Tax depending on the results of #2) amount to your School Tax Levy amount to calculate your total taxes owed.

Discounts 

Discounts are available on Municipal taxes only and do not apply to the school portion of taxes. Discounts are as follows, according to bylaw #2020-003:

  • 6% municipal tax discount for payments received on or before June 30 for the year 2020.
  • For the year 2021 and thereafter a pre-payment discount on municipal taxes of 6% from January 1 – May 31, and a prompt payment discount of 3% from June 1-30.

Please allow 5-10 business days for payment processing. Payment is credited to the account when the payment is received by the Town, not on the date sent and not on the date of mailing.

Penalties 

Starting June 2020, interest of 2% is applied on the first of each month for accounts in arrears remaining unpaid as of the end of the previous month, under bylaw 2020-003.

Tax Concessions

Naicam has a commercial tax concession policy. Owners of commercial property are invited to apply for tax concessions as per Policy #1983-005 for new construction, establishment of new business in existing construction or an addition to existing business. Specific rules and regulations apply. Concessions are granted at the sole discretion of Council.

 

Please visit the Bylaws & Policies section of our website for the bylaws or policies referenced herein.