Understand Your Assessment
Property taxes are based on your property's assessed value. Your assessment is determined by the Assessment Branch following provincial legislation and the rules and regulations contained in the Saskatchewan Assessment Manual.
Assessment is a way of distributing the tax load so owners of properties with similar values pay similar taxes.
- Provincial legislation requres a reassessment occur every four years. In 2017, all properties in the province had assessment values updated.
- This reassessment updated the assessments to reflect the general property values as of January 1st, 2015.
- While all property values have risen - what determined the change in taxes due to reassessment for an individual property is how it changed in comparison to the overall average change in the tax class group.
- Properties that increased in value faster than the average change in the tax class group witnessed an increase in taxes, whilst properties that increased in value below the average change witnessed a decrease in taxes.
- Letters advising of the impact of reassessment were mailed to each property owner on August 29th, 2016.
- The reassessment process is revenue neutral for the City, which means no increase in total taxes.
- Increases in total taxes only occur through the budget processes of the City and Library Board and the mill rate is set to achieve the taxes approved in the budget.
- The province sets province wide mill rates for education.
To learn more about assessment, you can also visit Saskatchewan Assessment Management Agency or Publications Saskatchewan to access all online publications of all provincial regulations and documents including assessment.