Provincial legislation requires all properties in Saskatchewan be revalued once every four years.
For the 2025 revaluation, the base date used for assessment values is January 1, 2023. This ensures assessed values are more current, as property values change over time.
One of the key considerations in a revaluation is the province-wide property classes and percentages of value that are applied to assessed values in order to calculate taxable assessments.
Percentages of Value
Percentages of value are used to calculate taxable assessments from assessed values determined by assessment appraisers. Taxable assessments are then multiplied by the mill rate, established by municipalities for the municipal portion and the province for the education portion, to determine property tax.
For the 2025 revaluation and 2025-2028 property tax years, the percentages of value are:
- Non-arable (range or pasture) land at 45 per cent
- Other (cultivated) agricultural land at 55 per cent
- Residential, multi-unit residential and seasonal residential at 80 per cent
- Commercial, industrial, elevator, railway, resource and pipeline at 85 per cent
Consultations
The provincial government consulted with various sectors and organizations in Saskatchewan in the process of reviewing and considering percentages of value and property classes for the next four-year period. These included:
- local government associations
- residential property associations
- agricultural associations
- oil and gas industry
- pipeline industry
- commercial/business sector
- mining industries
- railway and grain elevator associations
- the Saskatchewan Assessment Management Agency