Check the mail for your estimated property tax assessment

All properties in Saskatchewan are revalued every four years for property tax purposes, and this year is when those tax changes will take place, using the value of your property as of January 1st, 2023.

The City of Saskatoon has mailed out notices to more than 100,000 property owners with an information guide to alert them of any possible changes up or down to the value of their property. City Assessor Bryce Trew says as a result of the reassessment, the average single family home’s value in Saskatoon increased by 13 per cent while business properties were down by two per cent.

But he stresses that this doesn’t mean your property taxes will go up or down by the same percentage of your increase or decrease. Using the average 13 per cent increase for single family homes as an example, Trew explains that if your value changed by more than 13 per cent from 2024 to ’25, your share of property tax will increase, and if it was less than 13 per cent, your taxes will go down If you don’t agree with your assessment, you can appeal it through to March 28th.

Trew says property tax is revenue neutral for the City. “The total assessment the city has is going up by about $4.1 billion, so what we have to do to offset that is change our mill rate. If the total assessment goes up, the mill rate goes down to account for that. So, the idea is the assessment tool does not increase the amount of property tax we collect or decrease the amount of property tax we collect, in total.”

Trew adds that tax policy decisions still need to be made, and your property tax also includes the provincial government’s education tax mill rate, so the total tax isn’t final at this point. Final property tax notices will be mailed out in May.

The Finance Committee will review Administration’s report on the reassessment next Wednesday. The City says the 2025 reassessed property values will be used as the starting point to calculate your property tax over the next four years, until the next provincially legislated reassessment of all property types in 2029.

Key Findings from the 2025 Assessment Roll by Assessment Sub-Groups

Residential Tax Classes: The average assessment value increase for this tax class, is 13%.
Single-Family Residential value increased 13% (Median Assessment is 394,200)
Residential Condominium value increased 5% (Median Assessment is 216,500)
Multi-Family value increased 24% (Median Assessment is 1,966,000)

Commercial Tax Classes: The average assessment value increase for this tax class, is –2%.