Law360 Canada ( June 12, 2026, 9:35 AM EDT) -- Appeal by Souris Valley Lodging Inc (“Souris Valley”) against a decision of the Assessment Appeals Committee of the Saskatchewan Municipal Board (“Committee”). A 2022 assessment of two hotel properties by the Saskatchewan Assessment Management Agency (“SAMA”) used the modified cost approach which required a determination of the Replacement Cost New Less Depreciation of the improvements and the application of a market adjustment factor (“MAF”) to calculate the value that was then added to the property (“Cost Approach”). Souris Valley appealed the 2022 assessment to the Board, arguing that: SAMA erred by using the 0.88 MAF; the assessment did not bear a fair and just proportion to the market value of similar properties; comparable properties were assessed using the Non-Cluster 30 Model; and SAMA erred by using the Cluster 30 sales to develop both the Cluster 30 Model under the Cost Approach and a cap rate under the Income Approach. The Board dismissed the appeal. The Committee further determined that SAMA did not err and dismissed the appeal. Souris Valley’s appeal against the Committee alleged errors in determining the propriety of SAMA’s use of the same accommodation, applying the incorrect standards of review, and relying on a prior year’s assessment to determine the outcome of the appeal of the 2022 assessment....