Important information for Commercial property owners: 2022 Amended Assessment Notices, Appeal dates
Over the next week, the City of Saskatoon will be mailing out Amended Assessment Notices to commercial property owners where an update to the assessed value of their property is required for a full year.
“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,” says Bryce Trew, City Assessor. “This has led to implications for retail, warehouse and office buildings greater than 5800 square feet.”
Property owners who receive an Amended Assessment Notice will have a 30-Day Assessment Review and Appeal period from the date an Amended or Supplementary Notice is mailed to them in which to file a formal appeal on their property's assessment.
“It's important to note that not all commercial property assessments changed as a result of the recently finalized appeal decisions,” adds Trew. “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.”
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 January 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 February 4, 2022, 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 contact 306-975-3227 for assessment-related questions. We’re here to help.