Saskatchewan Revaluation: Regulated Property Assessment Update
Évolution fiscale
2025 marks the first year in Saskatchewan’s new four-year assessment cycle, and owners of regulated property can expect to receive their updated assessment notices in the coming months.
Regulated property assessments differ from commercial and residential assessments, as they are determined using the Saskatchewan Assessment Management Agency’s (SAMA’s) regulated Saskatchewan Assessment Manual and include agricultural land, heavy industrial property, resource production equipment, railway roadways, and pipelines.
Current assessment values are based on the market value of properties as of January 1, 2023, and because of the four-year cycle, these values will generally apply through 2028.
Percentage of Value Maintained
The Saskatchewan government has maintained a Percentage of Value (POV) of 85% for this assessment cycle. Assessments of industrial and commercial property, including resource production equipment and related infrastructure, elevators, and railways, will remain taxable at 85% of the asset’s total assessed value for the 2025–2028 taxation years.
The decision to keep the POV unchanged came as welcome news to regulated property owners, given the significant increases to regulated assessment rates for these property types.
The following table outlines the average assessment increases regulated property owners can expect to see for the next cycle.
2025–2028 Saskatchewan Revaluation Assessment Cycle Rate Analysis and Changes
Equipment Type | Assessment Increase |
Pipe Racks | 32% |
Oil and Gas Buildings | 40% |
Tanks* | 25–35% |
Separators* | 24–44% |
Pipeline and Flowlines* | 20–31% |
Manifolds | 24% |
Pigging Equipment* | 18–27% |
Compressors* | 17–25% |
General Equipment (Meters, Control Panels/Switches/Valves, Cathodic Protection Rectifiers)* | 14–61% |
Pumps* | 17–63% |
Chemical Injectors | 21% |
Heavy Industrial Land (Industrial Low/Med/High) | 17–25% |
Railway Roadways | 15–18% |
Mine Resource Production Equipment (Conveyor Belts) | 23–24% |
*Depending on size and type
Reviewing Your Assessment
The first year of a revaluation cycle in Saskatchewan allows for a 60-day review period. Any changes must be addressed and appeals must be filed within 60 days of the mailing date of the assessment notice.
An important update to the SAMA manual introduced in 2025 requires the removal of the application of the Closure Adjustment Factor from any production testing or collection building(s) or structure(s) (i.e., satellites, headers, etc.). This revision is impacting oil and gas site assessments across the province. As a result, budget projections may need to be revisited to take into account the tax implications.
Notably, the assessment rate for renewable energy remains unchanged for the new cycle: wind turbines continue to be assessed at $365,000 per megawatt, and solar energy remains at $300,000 per megawatt.
Altus Property Tax and Ryan
As of January 1, 2025, Altus Group’s global property tax practice officially became part of Ryan. Our combined teams with Saskatchewan expertise remain in place, and we are excited to continue providing clients with the highest level of service. For further information regarding this acquisition, please refer to our official press release.
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals.
