Reminder for all property owners: Important reassessment survey closes Friday, August 30
A reminder for all property owners in Saskatoon, the City’s Reassessment Phase-in Options Survey will close Friday, August 30, 2024. The survey has been open for property owners' feedback since Thursday, August 1.
With the next legislated reassessment year of all property types in 2025, the City is asking property owners for their preference on:
- the property tax phase-in options the City could apply: no phase-in, 2-year, or 4-year
phase-in for the next property reassessment cycle beginning 2025. - benefits, concerns and/or preferences for the phase-in process and how it will be conducted.
- property owners’ preferred communication methods to receive reassessment information from the City of Saskatoon in 2025 and going forward.
Property owners, we look forward to your participation via the 5-7 minute Survey. For additional background information on this engagement survey please visit saskatoon.ca/engage/property-tax-phase
Background Information
The next legislated reassessment of all property types in Saskatchewan will take place in 2025. Reassessment is undertaken every four years to determine an updated market value for your property. Your property’s 2025 reassessed value will be used, along with the City’s budgeting requirements and tax policy, to calculate your property tax for the next four years, 2025–2028.
The Cities Act does not allow the City to change the current 4-year reassessment cycle however, the City can determine its own tax policies for all property classes (residential, commercial, multi-residential, etc.) in Saskatoon. The City has the authority to make the decision on what are called phase-in options.
When there is a change to a property owner’s property tax because of their property’s new reassessed value, the dollar amount change in property tax owed can be phased-in over two or four years before the next legislated reassessment year. There is also an option for no phase-in use.
Helpful Information/Resources
- A Guide to Property Assessment & Tax Policy: Roles and Responsibilities
- Comparative Use of Phase-in Over the Last Three Legislated Assessment Cycles
- How Phase-in Options Work if You Have a Property Tax Increase or Decrease
- Phase-in by the Numbers: Examples of No Phase-in, 2-year Phase-in, 4-year Phase-in
Property owners, if you would like to request a hard copy of the survey to fill out, please call 306-975-3227 and we will mail one to you.
Questions? Email assessmentsubmit @saskatoon.ca or call 307-975-3227. We’re here to help.