What is Percentage of Value?

Your assessment notice will contain both a full assessment value, and a taxable assessment value. The taxable value is based on percentage of value.

The percentage of value is set by the Province of Saskatchewan to adjust the amount of the assessed value of assessment that is used as the bases for property taxes. In 2017, the provincial government increased the taxable portion of assessment for residential properties from 70% to 80%.

For 2021, the provincial government decreased the taxable portion of assessment for commercial properties from 100% to 85%. The effect of these changes will be to reduce the difference between the tax rates paid by residential and commercial property owners.

For the 2025 revaluation, the percentages of value are:

• non-arable (range or pasture) land at 45 per cent
  
• other (cultivated) agricultural land at 55 per cent
  
• residential, multi-unit residential and seasonal residential at 80 per cent
  
• commercial, industrial, elevator, railway, resource and pipeline at 85 per cent