Property taxes provide a major source of revenue to municipalities to fund essential community services such as police and fire services, recreational facilities, and infrastructure. Tax notices are mailed out in late May or early June each year, and taxes must be paid by July 31 to avoid penalties.
Every four years, all properties in Saskatchewan are reassessed in what is known as a revaluation year. The last revaluation was in 2017, when all properties were assessed to their market values as at January 1, 2015. In a revaluation year, all properties will receive an assessment notice. For 2018, only those properties who had a change from 2017 will receive an assessment notice.
Assessment notices were mailed on April 12, 2018. Once the notices are mailed, there is a 30 day period during which assessments can be appealed and changes made to the assessment roll. Appeals are reviewed by the Board of Revision, which is an independent body from the City. View the assessment roll notice here.
For more information about reading your assessment notice, how assessments work, or making an appeal, please view the documents on the bottom of the page.
Property taxes are determined by multiplying the taxable assessment amount (shown on your notice of assessment) by the mill rates, which are set each year. The municipal mill rate is set by council in the Tax Rate Bylaw and the education mill rate is set by the province. To determine what the municipal mill rates will be, the City first calculates how much property tax revenue is needed for operating and capital costs for the year, and what portion of property taxes are to be collected from commercial and residential property owners. The total revenue required is then divided by the taxable assessment, with the result being the applicable mill rate.
Municipalities may also apply mill rate factors, which are used to redistribute the amount of total taxes paid by each property class, and adopt a minimum or base tax. This information must all be included in the Tax Rate Bylaw.
Example Of A Tax Calculation For A Residential Property:
218,750 = Assessed Value
175,000 = Taxable Assessed Value (80% of Assessed Value for Residential Properties)
6.977 = 2017 Municipal Mill Rate
0.764 = 2017 Mill Rate Factor for Residential Properties
869.83 = Base Tax on Land and Improvements
869.83 + [(175,000 x 6.977 x 0.764)/1,000] = Municipal Tax Calculation
$1,802.65 = Municipal Taxes
4.12 = 2017 School Mill Rate for Residential Properties
(175,000 x 4.12)/1000 = School Tax Calculation
$721.00 = School Taxes
125.00 = Long Term Care Facility Levy
$2648.65 = Total 2017 Taxes (Municipal + School + LTC Levy)
A base tax is a flat fee added to the municipal portion of each tax bill. The base tax reflects the philosophy that all properties benefit equally from some services (fire, police, roads, etc.) regardless of the assessed value of the property, and so all properties should contribute equally to these services.
Under the Taxation Policy adopted by Council, the goal is for the revenue raised through the base tax to be set at 40% of the total municipal levy.
Since 2015 the City has implemented a base tax on each legal parcel (how many parcels make up a property will be determined by ISC (Information Services Corporation) and whether those parcels are determined to be legal size as per the zoning bylaw). Owners have the ability to amalgamate adjacent lots through ISC to reduce the number of base tax they pay on their property. For more information on this process, Click Here or contact ISC.
Long Term Care Facility Levy
The Long Term Care Facility Levy was first introduced in 2013 in order to fund the City's $4,000,000 portion of the Pioneer Lodge replacement. A flat fee of $125.00 per residence, or per unit for duplexes and multi-unit properties, is added to the taxes to cover this cost. These funds are placed in a reserve account and can only be used for this specific project. It is expected that there will be just over $1.3 million in reserve by the end of 2018. This levy will remain in place until the City's share (including any borrowing required) is paid off.
Where Property Tax Dollars Go
Below is a graph that shows a rough breakdown of how revenue raised from property tax dollars is spent. These are the City's expenses after grants, user fees, and other revenue sources are accounted for. Budgets and Financial Statements are also available on the Financial Statements page.
- Bylaws and Policies
- Annual Assessment Rolls
- 2017 Revaluation