regina.ca

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Definitions (45)

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building value


The total assessment value of all structures located on a property, as determined following the rules and regulations set out in legislation and in the Saskatchewan Assessment Manual . Used in the Cost Approach to Value. Building Quality 
Source: regina.ca

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/


Understand Your Assessment /
Source: regina.ca

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address


The common descriptor that identifies a property. It usually includes a building number and street name. Adjusted Price (Adjusted Sale Price)
Source: regina.ca

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applied maf


A factor used to calculate the assessment of buildings on all properties (sold and unsold) within a valuation neighbourhood. This factor is used in the Cost Approach to Value to reflect market influences derived from recent sales of similar properties. The City of Regina Assessment Branch calculates the MAF for each sale property listed in the Sa [..]
Source: regina.ca

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assessed parcel


The property identifier used by Information Services Corporation of Saskatchewan containing the lot, block and plan number of a property. Assessed Value
Source: regina.ca

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balcony


This term usually refers to the exterior balcony on an apartment.  It is similar to an exterior deck except that it is raised and accessed from the suite. Bare Land Condominium
Source: regina.ca

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base tax


In a base tax system, a specific dollar amount is applied to the municipal portion of each tax bill, regardless of an owner's property assessment. The calculation for the school and library portion of the tax bill do not change. The municipal portion of the property tax bill is calculated as: Base Tax +
Source: regina.ca

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x


Municipal Mill Rate  X
Source: regina.ca

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÷


1000 =
Source: regina.ca

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calculated maf


The market adjustment factor calculated from each individual sale listed in the Building Sales Report for a valuation neighbourhood. Used in the Cost Approach to Value. Change in Average (percent)
Source: regina.ca


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