The Saskatchewan Assessment Management Agency's (SAMA) latest revaluation of Weyburn properties should not cause a significant change to taxes.

Revaluations are done every four years and the 2017 revaluation used the 2015 base date. The City of Weyburn's residential properties were last assessed in 2013.

Provincial legislation requires municipalities to use these values when determining taxes.

"Our budget amounts will stay the same," said director of finance for the City of Weyburn, Laura Missal.

"We've adjusted all of our rates so that someone won't see a huge hike if their assessment has increased drastically."

The provincial government recently increased the percentage of value for 2017 revaluations from 70 to 80 per cent for residential properties and from 40 to 45 per cent for non-arable land. Commercial and industrial properties remain the same at 100 per cent while cultivated agricultural land stays at 55 per cent.

The city took these increases into account and increased the mill rate by 2.74 per cent, or 0.376 mills, which was recently approved in the city's 2017 budget.

An appendix provided in the Mar. 27 city council agenda which shows the summary of the 2017 reassessment for Weyburn properties. (Photo courtesy City of Weyburn)

The city's base tax is to stay the same in 2017 as it was in 2016 - $600.

The only item that remains for the city is the mill rate for school property taxes (the current budget figures used the rate from 2016).

Once things are finalized with the provincial budget, potentially in the next couple weeks, the City of Weyburn will find out just how much school property taxes will be for taxpayers.

An assessment is to be sent out Weyburn residents this month showing their new SAMA assessment values.

"This is just an assessment notice, and you are not to pay the amount," Missal said, adding that your final tax bill will be decided once the province decides what its school tax rates will be.

A bylaw extending the time for the completion of the assessment roll was given three reading on Monday night. Due to the province not providing a school property tax rate, the city approved the assessment roll be extended from April 1 to May 31.

Therefore, residents can anticipate tax levies can be delivered in May.

If you require more information on this topic, the City of Weyburn website provides frequently asked questions and how to appeal assessments on its website.