2017 Preliminary Values Detailed Trends 2017 Revaluation - - PowerPoint PPT Presentation

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2017 preliminary values detailed trends
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2017 Preliminary Values Detailed Trends 2017 Revaluation - - PowerPoint PPT Presentation

May 26, 2023 177 likes •527 views

2017 Preliminary Values Detailed Trends 2017 Revaluation Milestones Sales Trends for Residential and Arable Agricultural Land 2017 Preliminary Assessed Value Trends Reports to Municipalities 2017 Revaluation SAMA

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SLIDE 1
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2017 Preliminary Values – Detailed Trends

 2017 Revaluation Milestones  Sales Trends for Residential and Arable

Agricultural Land

 2017 Preliminary Assessed Value Trends  Reports to Municipalities

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2017 Revaluation – SAMA Milestones

 Preliminary Values to Government Relations –

April 8, 2016

 Preliminary Values to Municipalities – June 30,

2016

 Provincial Tax Classes and Percentages of Value –

September/October 2016

 Final Values to Municipalities – Starting in January

2017

 SAMA View Update – January, 2017 (including

updated ratepayer property profiles)

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SLIDE 4

Property Assessment

SAMA

Tax Classes, Percentage

  • f Value &

Exemptions

GR

Property Taxes Payable Local Mill Rates & Tax Tools

Municipality

Assessments - Foundational Component of the Property Tax System

Uniform Education Mill Rates

GR

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SLIDE 5

Assessment Changes Tax Changes

Local Gov’t Budget Needs $2,500,000

Taxable Assessment $250,000,000

Required Mill Rate 10 (0.010)

Before Revaluation

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Assessment Changes Tax Changes

Local Gov’t Budget Needs $2,500,000

Taxable Assessment $250,000,000

Required Mill Rate 10 (0.010)

Local Gov’t Budget Needs $2,500,000

Taxable Assessment $500,000,000

Required Mill Rate 5 (0.005)

Before Revaluation After Revaluation

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SLIDE 7

R² = 0.9094 0.80 0.90 1.00 1.10 1.20 1.30 1.40 1.50

  • 70
  • 60
  • 50
  • 40
  • 30
  • 20
  • 10

10 20

Residential Median SAR Trend

Residential Median Trend

  • Poly. (Residential Median Trend)

January 1, 2011 Base Date January 1, 2015 Base Date

Residential Sales Trends (to March 2016)

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SLIDE 8

Residential Sales Trends (to March 2016)

R² = 0.9094 0.80 0.90 1.00 1.10 1.20 1.30 1.40 1.50

  • 70
  • 60
  • 50
  • 40
  • 30
  • 20
  • 10

10 20

Residential Median SAR Trend

Residential Median Trend

  • Poly. (Residential Median Trend)

January 1, 2011 Base Date January 1, 2015 Base Date

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SLIDE 9

Arable Ag Land Sales Trends (to March 2016)

R² = 0.9423 0.00 0.50 1.00 1.50 2.00 2.50 3.00

  • 70
  • 60
  • 50
  • 40
  • 30
  • 20
  • 10

10 20

Arable Ag Land Mean SAR Trend

Agland Arable Mean Trend

  • Poly. (Agland Arable Mean Trend)

January 1, 2011 Base Date January 1, 2015 Base Date

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SLIDE 10

R² = 0.9423 0.00 0.50 1.00 1.50 2.00 2.50 3.00

  • 70
  • 60
  • 50
  • 40
  • 30
  • 20
  • 10

10 20

Arable Ag Land Mean SAR Trend

Agland Arable Mean Trend

  • Poly. (Agland Arable Mean Trend)

January 1, 2011 Base Date January 1, 2015 Base Date

Arable Ag Land Sales Trends (to March 2016)

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  • Preliminary Assessed value changes from

January 1, 2011 to January 1, 2015 base dates

  • Local 2017 assessment shift available to council by

June 30, 2016 Three levels of trends to consider:

Anticipated 2017 Assessment Shifts

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SLIDE 12
  • Preliminary Assessed value changes from

January 1, 2011 to January 1, 2015 base dates

  • Local 2017 assessment shift available to council by

June 30, 2016 Three levels of trends to consider:

Anticipated 2017 Assessment Shifts

  • 1. Provincial
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SLIDE 13
  • Preliminary Assessed value changes from

January 1, 2011 to January 1, 2015 base dates

  • Local 2017 assessment shift available to council by

June 30, 2016 Three levels of trends to consider:

Anticipated 2017 Assessment Shifts

  • 1. Provincial
  • 2. Local
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SLIDE 14
  • Preliminary Assessed value changes from

January 1, 2011 to January 1, 2015 base dates

  • Local 2017 assessment shift available to council by

June 30, 2016 Three levels of trends to consider:

Anticipated 2017 Assessment Shifts

  • 1. Provincial
  • 2. Local
  • 3. Property
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2017 Assessment Trends

 Preliminary Trends based on 100% assessed values

reported to Government Relations April 8, 2016

 Regulated Properties

  • Pipeline & Railway
  • Heavy Industrial and Mines
  • Oil and Gas RPE
  • Agricultural Land

 Non-Regulated Properties

  • Residential
  • Commercial
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Assessed Value 2017 / 2016 Multiple

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Assessed Value 2017 / 2016 Multiple

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Assessed Value 2017 / 2016 Multiple

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SAMA Residential - 2017 / 2016 Multiple

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SAMA Residential Shifts by Urban Municipality (Median = 1.18)

Legend: % Change

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Residential Multiple Decrease (-20 to -40%)

Legend: % Change

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Residential Multiple Increase (+20 to +40%)

Legend: % Change

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Residential Multiple Increase (> 40%)

Legend: % Change

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SAMA Residential Shifts By Resort Community

Legend: % Change

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Residential Assessment Shift Sample Municipality (Median 1.08)

Legend: % Change

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SLIDE 28

Residential Assessment Shift Sample Municipality (Median 1.24)

Legend: % Change

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2017 Revaluation Preliminary Values Delivery

Deliver preliminary values to client municipalities after maintenance completed in the May to June time frame.

Message to Council:

  • Please have a good look at the values and provide

feedback to us.

  • We are happy to meet with clients to discuss values

as required.

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2017 Assessed Value Trend Report

RM of Sample

Sample 2013 Revaluation Report

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2017 Taxable Assessed Value Trend Report

RM of Sample

Sample 2013 Revaluation Report

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SLIDE 32

2017 Detailed Assessed Value Change Report

Town of Sample

Sample 2013 Revaluation Report

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