SAMA Assessed Values
Understanding the 2025 Changes
SAMA revalues properties on a four-year cycle, with the last assessment update occurring in 2021. The 2025 reassessment will reflect land values as of January 1, 2023, bringing a significant increase in assessed values.
Agricultural land assessments will rise by 40% in 2025. While this may seem like an indicator of rising farmland market values, it is essential to understand that assessed values are strictly for taxation purposes and do not impact actual sale prices.
Impact on Landowners and the Market
Higher assessments may lead to changes in property taxes, depending on municipal tax rates. Landowners should review these potential changes with their local authorities to understand the financial impact.
Despite the increase in assessed values, farmland market prices remain dictated by demand, sales trends, and investment interest. Understanding the distinction between assessed and market values is crucial for long-term financial and estate planning.
Read the full SAMA 2025 assessment details
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