Unsure about the meaning of some assessment terminology? Check out our glossary of important terms.

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Ad Valorem Tax

Tax levied in proportion to the value of the things being taxed; property tax is an ad valorem tax.

Agriculture Use Value

The assessed value that is related to the property’s agricultural productive value rather than its maximum potential market value.


A person who values land and improvements for property assessment and taxation purposes. The appraiser determines the assessed value for the assessor. When used for property assessment purposes, the term appraiser is synonymous with assessment appraiser.

Assessed Value

The 100 percent full, or gross, value is that value prior to applying a percentage of value.


The value placed on a property for property tax purposes.

Assessment Appraiser

A person who values property, as defined in The Assessment Management Agency Act.

Assessment Notice

A notice sent by the municipality to the property owner stating the assessment on the property.

Assessment Roll

A listing of the values for all properties in a municipality. The legal land description, the name and address of the person assessed, school support and the assessed value are recorded on the assessment roll.


A person, appointed by the municipality, who is responsible for the assessment roll. The assessor discovers and lists property and then enters the value for it on the assessment roll.

Base Year

The year to which the assessed values are related.

Board of Revision

The first level of formal appeal for property assessments. The Board consists of individuals appointed by the municipal council.

Cost Approach

Estimates the replacement cost of a building, less depreciation, adding land values based on sales. The cost approach is useful when there are few comparable sales. One of three approaches to value, the others being the income and sales comparison approaches.


Degree to which assessments bear a consistent relationship to market value.

Estate in Fee Simple

The absolute ownership (i.e. fee simple interest of real property) unencumbered by any other interest or estate, subject only to the limitations imposed by the four powers of government: taxation, expropriation, police power and escheat.


Cancellation, in whole or in part, of the taxes levied against a property.

External Obsolescence

A loss in value due to causes outside and independent of the property. Also referred to as economic obsolescence.

Functional Obsolescence

The loss in value of a building due to internal property characteristics that diminish utility or desirability of part or all of the property.


Grants paid by the Federal and Provincial Governments in lieu of paying a property tax.


Buildings or structures erected or placed on, over, or under the land. Also includes pipelines and the plant and equipment used to operate an oil well, gas well or mine.

Income Approach

An appraisal procedure that converts projected rental income of property into an estimate of value. One of three approaches to value, the others being the cost and sales comparison approaches.

Market Valuation

The standard is achieved when the assessed value of Standard property:
(i) is prepared using mass appraisal;
(ii) is an estimate of the market value of the estate in fee simple of
(iii) reflects typical market conditions for similar properties; and
(iv) meets quality assurance standards established by order of the
Saskatchewan Assessment Management Agency.

Market Value

The price that a property would bring in a normal sale transaction in the base year between a willing seller and buyer.

Mass Appraisal

Involves the mass valuation of property as opposed to individual property appraisal conducted by fee appraisers. Defined further in each of the municipal Acts.

Mill Rate

The tax rate applied by local governments to the taxable assessment of a property to calculate the property tax payable.

Multiple Regression Analysis (MRA)

Multiple Regression Analysis is a sales comparison technique used to estimate the relationship between a dependent variable (sale price or market value) and independent or explanatory variables (building size, lot size, age, etc.)


Neighbourhoods are areas within a community where the land or buildings are assessed at the same rate.

Percentages of Value

A percentage rate that is applied to each property to reduce the full value to the taxable or exempt assessment that is listed on the assessment roll. The percentages of value are determined by the Ministry of Government Relations for every revaluation cycle and may vary by property class.

Property Classes

Property is classified according to its use through provincial government regulations for the purpose of applying percentages of value.

Property Tax

The tax collected from property based on the taxable assessed value, the mill rate and other tax tools. Tax policy is strictly determined by the Province of Saskatchewan and local councils. SAMA is not involved in tax policy.

Replacement Cost

The cost to construct, in the base year, an improvement of similar utility. This is one form of the cost approach.

Sales Comparison

This valuation approach is based on the concept that the Approach value of unsold properties can be predicted directly from the value of other similar sold properties. The sales comparison approach is appropriate for determining property assessment for areas and property types with active sales markets, such as residential property in cities and larger towns. This is one of three approaches to value, the others being the cost and income approaches.