The Assessment Notice is NOT a tax notice and does not equal property tax. An Assessment Notice is a notice that is sent to a Ratepayer either every four (4) years after a Re-Valuation (basically a review of the entire Province’s assessment) or anytime there is a change done to a property, including a transfer of ownership.
The Values on the Notice are determined by the Saskatchewan Assessment Management Agency (SAMA) for the Village of Debden.
The notice is telling you what your property is worth. The Assessed Value is not necessarily the Market Value of your property or even what your insurance or bank may consider the value of the property.