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Property owners across Regina have begun to receive letters from the City of Regina providing notice on assessment values.
“The overall change for the city and as a whole was an increase in value of about 1.4 per cent and within that we had some different changes within our different property classes,” said Tanya Mills, director of assessment and property revenue services for the City of Regina.
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“Single-family residential (properties) saw an increase of four per cent; the condominium market saw a decrease of seven per cent; for multi-family residential we saw a decrease of about 11 per cent; and for commercial and industrial properties we’re seeing a decrease of three per cent.”
Mills said the change in value is based on the sales that occurred within each of those categories.
She explained that revaluations are based on a two-year lag, meaning that the 2025 re-evaluation is being updated based on sales before Jan. 1, 2023. The revaluations happen every four years.
Although the average value increased, Mills said this doesn’t change the bottom line on the amount of revenue that the city will collect.
“Even though our property assessments went up by 1.4 per cent across the city, we adjust the mill rate so as a result of the revaluation, we’re collecting the same revenue at the end of the day,” she said.
“What the revaluation is doing is just distributing those property taxes differently across properties.”
Mills said some of the city’s newest neighbourhoods saw changes ranging between 10 and 35 per cent.
“We also saw some of our older stock homes with a decrease of around 10 to 20 per cent, so even though the average is four per cent, there’s definitely ups and downs within different residential neighborhoods across the city,” she said.
Mills said the city’s licensed inspectors look at the location, size condition and type of property when conducting their evaluations.
“If customers have questions regarding their assessment, they can definitely call in and contact an assessor, and they’ll come out and review the property with the homeowner,” she said.
“But for revaluation, we’re not re-inspecting every home, we’re just updating the values based on the inventory we have in our system and what we saw for sale for similar type properties across the city.”
Mills said customers are able to file an appeal by contacting the city to get more information as to how they arrived to their conclusion. If the customer is still not satisfied, they can file an appeal with the board of revision within 60 days (by April 1, 2025) of receiving a notice.
Mills added that appeals can be made based on the classification of their property, the valuation or their exemption status.
The City of Regina’s 2025 draft budget comes with a proposed 8.5 per cent mill rate increase, which would be the highest in at least a decade.
Mills said the assessment is just one piece of the city’s property tax calculation.
People can search the value of their own properties with the City of Regina’s search tool.
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