Assessment and Taxation
Legislation requires that all properties in Saskatchewan be revalued once every four years. The most recent province-wide revaluation year was 2009, with the next one occurring in 2013.
For the 2013 revaluation, the base date used for assessment values will be January 1, 2011. This ensures that assessed values are more current and that property owners can better understand these values.
One of the key responsibilities that Government Relations has with each revaluation is to undertake analysis and make recommendations to Cabinet respecting province-wide property classes and percentages of value that are applied to assessed values in order to calculate taxable assessments.
Percentages of Value and Education Property Tax Adjustments
The Government of Saskatchewan is amending percentages of value (POV) for the 2013 taxation year and making changes to continue its commitment to education property tax (EPT) relief.
POV are used to calculate taxable assessments from assessed values calculated by appraisers. Taxable assessments are then multiplied by the mill rate, established by municipalities for the municipal portion and the province for the education portion, to determine property tax.
Changes to POV shift tax among property classes and for 2013, the Government of Saskatchewan is adjusting the POV for grain elevators, railway rights of way and pipelines from 75 per cent to 100 per cent. This levels the playing field with other commercial/industrial property.
All other POV remain unchanged from the previous revaluation year (2009).
Significant EPT shifts were projected to occur within the commercial/industrial property class. To help mitigate these shifts the commercial/industrial tiers for EPT will be eliminated and further refinements and a breakdown of the commercial/industrial property class will be implemented. This could potentially help adjust the balance of EPT raised within the commercial/industrial property class, mitigate shifts from revaluation, and eliminate a perceived disincentive to grow businesses.
The amendments to the regulations have been approved and published in The Saskatchewan Gazette, and are retroactive to January 1, 2013. To see the new EPT mill rates go to Education Property Tax System.
Percentages of Value
The POV applied to grain elevators, railway rights of way and pipelines will increase in 2013 from the previous POV in 2009:
All other POV are to remain the same for 2013 as they were for 2009:
The ministry undertakes consultations with various sectors and organizations within the province as part of the process of developing these recommendations. These include:
If you have any comments or questions, please feel free to contact: