The Government of Saskatchewan announced that property tax percentages of value will remain unchanged for the 2025–2028 property tax cycle, ensuring stability for property owners across the province.Government Relations Minister Eric Schmalz confirmed the decision, keeping the value percentages consistent with those established in the previous revaluation cycle. Non-arable land, such as range or pasture land, will be taxed at 45% of its assessed value..Over 7,200 Saskatchewan health records compromised in clinic data breach.Cultivated agricultural land will be taxed at 55%. Residential properties, including multi-unit residential and seasonal residential properties, will be taxed at 80% of their assessed value. Commercial, industrial, elevator, railway, resource, and pipeline properties will remain taxed at 85%..Record crowds at Canadian Western Agribition, despite frigid temperatures."Keeping percentages of value at their current levels demonstrates our government's commitment to maintaining a competitive tax environment, including education and municipal property taxes," Schmalz said. "By maintaining consistency, we will continue to focus on affordability and foster economic growth across the province."Under provincial legislation, properties in Saskatchewan are reassessed every four years to ensure fair and up-to-date valuations..OLDCORN: Western Standard is not ‘alt-right,’ despite woke columnist’s accusations.The percentages of value are a key component of this process. They determine the taxable assessment of properties, which is then used to calculate property taxes.The formula for calculating property taxes involves multiplying a property’s assessed value by the applicable percentage of value, then applying the mill rate set by municipalities or the provincial government for education taxes..Canadian Cancer Society’s Big Pharma ties question its impartiality on quitting smoking methods.Schmalz emphasized that this decision helps maintain taxpayer affordability and predictability while allowing municipalities to implement additional measures for property tax relief if needed.Education property tax mill rates will continue to be set annually during the provincial government’s budget process.The province’s revaluation efforts aim to balance fiscal responsibility and economic growth, ensuring a stable property tax system for Saskatchewan residents and businesses.
