SASKATOON — Over the next week, the City of Saskatoon will be mailing out amended assessment notices to commercial property owners regarding an update to the assessed value of their property.
“We’ve had several longstanding commercial assessment appeal decisions ruled on by the court of appeal and these also affected the board of revision in 2021. This has led to implications for retail, warehouse and office buildings greater than 5,800 square feet,” said City Assessor Bryce Trew.
Property owners who receive an amended assessment notice will have a 30-day assessment review and appeal period from the mailing date of the notice.
“It's important to note that not all commercial property assessments changed as a result of the recently finalized appeal decisions. If an assessment changed in 2022, it could be because of physical alterations to the property such as new builds, additions, renovations or demolitions, changes in tax status or ownership, and/or a board of revision decision,” added Trew.
Currently, there are board of revision appeals from 2021 that are with the Saskatchewan Municipal Board. Appeals filed in 2022 are with the board of revision.
If decisions from these appeals require further changes to assessment models, property owners will be issued amended notices.
Following the provincially legislated reassessment year in 2021, property owners, who since Jan. 1, 2021, had a change in the assessment, tax status or ownership of their property would have received a 2022 assessment notice earlier this year.
The 2022 assessment roll was open until Feb. 4, also the deadline to file a commercial or residential 2022 appeal with the board of revision.
The province is on a four-year assessment cycle with current property assessments in place from 2021 to 2024.
Visit saskatoon.ca/assessment for more information or call 306-975-3227 for assessment-related questions.
