Revaluation impacts assessed values of properties and assessed values are used to calculate property taxes. Learn more about revaluation by watching this short video.
2021 Revaluation Information Sheet PDF
Notes from Public Meeting – Commercial Property Changes
PowerPoint Presentation – 2024 Commercial Property Changes
Provincial legislation requires that the assessed value of all properties within Saskatchewan be updated every four years. This process is called revaluation. Property values change over time due to changing market conditions so it is important that the data that is available reflects these changes.
2021 was a revaluation year and property assessments were updated to reflect property values as of January 1, 2019.
To update the value of your home, City appraisers reviewed four years of sales transaction information in Prince Albert from January 1, 2015 to December 31, 2018. Different sources of verification are done to ensure that the data used is most accurate.
Note: Any economic impact from Covid-19 that may or may not have affected the property's market value after January 1, 2019 will not be reflected in the 2021-2024 property assessment valuations. Any economic impact from Covid-19 will only be reflected in the 2025 revaluation.
Assessment Timeline for 2024
- Notice of Assessment Mailed – February 1, 2024
- Appeal Deadline – March 1, 2024
- Council determines Tax Policy – March/April 2024
- 2024 Property Tax Notices Mailed – May 2024
What does this mean for my property?
It means that the assessed value of your property might change and since the value of your property is one factor that influences your property tax rates, revaluation may impact property taxes. Some taxes will go up and some will go down depending on how much your property value increased or decreased compared to other properties in the City.
For example, over the last four years your property may have decreased in value, but another property in another area of the city may have decreased even more. In this case, even though your property is assessed lower than four years ago, it will not necessarily result in a lower tax bill. It all depends on the shifts in the local real-estate market in Prince Albert.
You can easily compare your assessment to similar properties in your market area or neighbourhood by using the online assessment tool at http://www.citypa.ca/assessment-online.
When will I know how it impacts property taxes?
Property tax rates will only be finalized in April 2023. Watch for your Property Tax Notice in May 2023.
Assessment Models
The information below will provide you with more detailed assessment documentation for each of the City of Prince Albert’s assessment models which form the basis of your updated assessment.
Residential Model Summary
Condominium Model Summary
Multi-Residential Model Summary
Commercial Model Summary
The Assessment Map shows the different neighbourhoods for the residential and condominium models.
Appealing Your Assessment
If you feel there is an error in your property assessment as a result of your review, contact us first. Most assessment related questions can be resolved by speaking with an assessor, with no formal appeal process required.
To formally file an appeal to your property assessment you must file a formal notice of appeal within 30 days of receiving your assessment notice.
Tax agents/representatives who wants information or discuss the valuation about a property (as representing the owner/s), are required to fill out a Letter of Authorization for each property to allow the City of Prince Albert to release information about the property. This form needs to be filled out and provided to assesment before contacting an assessor. Please download the form here.
