Saskatchewan Undergoes General Reassessment

Taxpayers are reminded that revaluations for the 2025 property tax assessments in Saskatchewan are underway, with the largest municipalities having opened their tax rolls in January. As a result, the deadlines for appealing property tax assessment values are rapidly approaching.

Saskatchewan’s property tax system operates on a four-year assessment cycle. Consequently, the values used to assess properties in 2025 will generally apply through 2028. Current assessment cycle values are based on the market value of properties as of January 1, 2023.

Unique Process

Property owners have an annual right to appeal valuations used during an assessment cycle in Saskatchewan.

As is the case in most jurisdictions, Saskatchewan property tax valuations are developed using mass appraisal techniques (i.e., methods based on data collected across groups of comparable properties). However, unlike other jurisdictions, any appeal of a valuation in Saskatchewan must also be based on mass appraisal methods. The legislation explicitly prohibits appeals based on single-property appraisal techniques, rendering single-property appraisals and the individual performance of a particular property irrelevant. Further complicating matters, a provincial board order specifies that any market data arising after January 1, 2023, and information from outside of Saskatchewan may not be used to determine assessments for the years 2025 to 2028.

Reviewing Your Assessment

Key factors property owners should consider when reviewing their assessments include:

• The review period before the appeal deadline is 60 days after the mailing date printed on the assessment notice.

• Market changes have had a significant impact on property values and tax burdens, as previous values were based on a valuation date of January 1, 2019.

Importance of Compliance

Saskatchewan’s property tax assessment process places significant importance on compliance with information requests from assessing authorities. While failing to comply with an information request typically results in the loss of any right to appeal in most provinces, in Saskatchewan, such failures can also result in charges, leading to a potential penalty of up to $10,000 in the case of a corporation.

Property owners are advised to respond promptly to any information requests and review valuations for all properties in Saskatchewan before the right to appeal is lost. All appeals must be filed by the legislated deadline. Please contact our team as soon as possible if you have any questions about the information request process or need support requesting an extension.

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 in Saskatchewan remain in place, and we are excited to continue providing clients with the highest level of service.

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.