Search results
Provincial legislation requires all properties in Saskatchewan be revalued once every four years. For the 2021 revaluation, the base date used for assessment values is January 1, 2019. This ensures assessed values are more current, as property values change over time.
- Property Taxes - Government of Saskatchewan
Municipal Property Tax. Municipalities (cities, towns,...
- Property Taxes - Government of Saskatchewan
Municipal Property Tax. Municipalities (cities, towns, villages, resort villages and rural municipalities) raise most of their revenue through property taxes.
The provincial government mandates SAMA to conduct periodic revaluations of all Saskatchewan properties every four years to coincide with the change to a new base date. The current revaluation was completed in 2021 using the 2019 base date.
SAMA conducts revaluations based on a four-year cycle. 2017 was the year of the last revaluation, and the 2021 Revaluation will see assessed values updated to reflect a new base date of January 1, 2019. The legislated base date means that 2021 values reflect a property's value as of January 1, 2019.
For 2021, the provincial average for assessments of residential properties are set to decrease approximately 7%. Commercial properties are set to increase approximately 15%. Rental apartment property assessments are set to decrease approximately 3% over their 2017 values. The 2021 Revaluation is showing relative assessment stability compared to
2021 was the provincially legislated reassessment year; the next reassessment of all property types will take place in 2025, and will use a legislated base date of January 1, 2023. All property types are reassessed every four years so that property values are more up-to-date, accurate and fair.
People also ask
How often do Saskatchewan property revaluations take place?
How much will property values increase in 2021?
Will property assessments increase in 2021?
How is property tax calculated in Saskatchewan?
How is property tax calculated for 2021 revaluation?
What's happening with revaluation values in 2021?
Dec 4, 2020 · Under provincial legislation, all property must be revalued every four years. For 2021, the base date for assessment is Jan. 1, 2019.
