(file photo/paNOW Staff)

By paNOW Staff

Property assessment and taxation

City issuing property assessments for revaluation

Jan 28, 2025 | 1:00 PM

The City of Prince Albert is asking local homeowners to watch for their property assessment notice as 2025 is a revaluation year.

Revaluation will take into account how to fairly distribute the tax burden on property owners.

The notices were mailed out yesterday, Jan. 27 in city envelopes marked with “important assessment notice.”

Provincial law requires all properties have assessed values updated every four years. Given property values change over time with market conditions, the province wants to ensure the assessments are updated to reflect market values as of Jan. 1, 2023.

The city says its valuation model is highly accurate; however, if you want to appeal your assessment, you must complete a notice of appeal identifying an error in your report.

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Errors could include the sales information of comparable properties in your neighbourhood as of Jan. 1, 2023, or the physical data or classification of your property, such as year built or square footage.

Valuation of your property could impact your property tax rate.

Vanessa Vaughan, the city assessor, said most property owners will consider appealing because they feel existing property taxes are too high. But Vaughan stressed, you cannot appeal your taxes, only your assessed value.

The city expects to have property tax rates finalized by April and property tax notices will be mailed out in May.

“Most assessment-related questions can be answered by speaking with an assessor, and no formal appeal process may be required,” Vaughan said in a press release. “If you feel your property assessment contains an error, give us a call first prior to filing an appeal.”

To compare your assessment to similar properties in your market area, visit the city’s website at www.citypa.ca/assessment-online.

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panews@pattisonmedia.com