Assessment is the other half of the equation, and it is not the same as market value. The City of Saskatoon reassesses on its own cycle, and an owner who disagrees with the assessed value can appeal to the Board of Revision rather than to the city itself.
Silverspring is inside Saskatoon's city limits, so the standard city mill rate and assessment cycle apply here the same way they do anywhere else in Saskatoon, unlike a property in Corman Park or one of the surrounding towns, which sit under a different rural or municipal system entirely.
The City of Saskatoon's own tax calculator, updated for the current mill rate, is the most reliable way to get a real dollar figure for a specific address. Get your hand-reviewed valuation from Joel Dyck.