Government Relations Minister Don McMorris has announced the percentages of value to be applied to certain properties starting in 2021, as part of the revaluation cycle across the province.

The percentage of value for commercial, industrial, elevator, railway, resource and pipeline properties will be 85 per cent compared to 100 per cent set in 2017 when the previous revaluation occurred.

McMorris says, “This change improves tax fairness by narrowing the range of percentages of value that apply to property assessments.” He says it also recognizes the COVID-19 challenges faced by businesses and industries so they remain competitive.

All other percentages of value remain unchanged from the previous revaluation cycle:
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.

Education property tax mill rates are determined as part of the annual provincial government budget process.

Provincial legislation requires all Saskatchewan properties be revalued every four years, since their values change over time.