We would like to provide you with an important update regarding Saskatchewan’s approach to land valuation for oil and gas properties in the 2025 reassessment cycle, including 2025 through 2028 tax years and possibly beyond.
Background
In Saskatchewan, oil and gas properties are assessed using standardized methodologies established by the Saskatchewan Assessment Management Agency (SAMA). Following recent appeals, SAMA and the Ministry of Government Relations considered changes to how land associated with oil and gas infrastructure—particularly leased versus owned land—would be valued for the 2025 reassessment.
Our team responded to the announcement by gathering information and handling inquiries. It was determined that Saskatchewan operators would have faced significant tax burden increases if the government moved ahead with the proposed changes.
These changes had the potential to shift how land values were calculated, potentially increasing assessed values and impacting property tax liabilities. Many stakeholders participated in consultations throughout 2023 and 2024, providing detailed land information and mapping as well as raising questions or concerns about the implications of these changes.
2025 Update
At SAMA’s March 2025 advisory meetings, SK Government Relations confirmed that Saskatchewan will retain the current (status quo) methodology for regulated oil and gas land for the upcoming reassessment cycle. This means:
- No change to how leased or owned oil and gas land is assessed.
- The 2025 assessment values already prepared by SAMA will remain consistent with prior methodology.
- We will continue to monitor communications from SAMA and the Ministry of Government Relations to determine whether future changes are under consideration for the 2029 cycle.
What This Means for You
- There is no action required on your part at this time to account for the previously proposed changes.
- 2025 land assessments for regulated oil and gas property will be assessed consistent with prior assessment methodology.
If you would like assistance revisiting prior impact analyses, updating tax estimates, or to discuss this further please feel welcome to contact us with any questions or requests for support.
- Topics
- Oil and Gas