Finance > Assessment > How was my home assessed?
How was my home assessed?
The City’s Finance Department was given the relevant information with all the changes from SAMA. Your home’s fair value was derived by comparing your property with other properties using the "mass appraisal" methodology.
Should my assessment exactly match the price of my home if I sold it today?
In most cases, your assessment will not match your selling price today since your assessment was calculated using sale values to reflect the 2002 base year, as required by the Saskatchewan Assessment Manual. Your home’s assessed value is an average value, determined by comparing properties with similar uses in our valuation neighborhood that have similar characteristics.
As well, assessment values include location, lot size, construction quality, style, effective age, and condition of buildings on your property.
Does my assessment go up if I repair my property?
Good maintenance helps to retain your property’s value. Generally, your assessment will not be increased for minor repairs. Assessments may increase if you make changes that increase the value of your property, as in the case of extensive remodeling. Examples: adding rooms, garages, decks, finishing your basement, fireplaces, air conditioning, extensive remodeling or renovations that improve the value of your home like new kitchen, extra bathroom…