City of Regina Launches 2025 Property Revaluation
Provincial legislation requires that the City of Regina update property values every four years. The next revaluation year is 2025. Official assessment notices will be issued in January 2025. Properties will be assessed at a new assessment value as of January 1, 2023. This value will be used in the calculation of 2025 property taxes.
Preliminary property values are now available for residents to review. Property owners are encouraged to visit the City’s website at Regina.ca/revaluation and use the Property Search tool to make sure that their property information is up to date. All property owners are encouraged to verify the following:
- Are the primary property characteristics identified correct for the property?
- Are there any unusual circumstances not shown for the property that would affect its value (e.g. structural issues, location, etc.)?
- Are the assessments of similar properties in the neighbourhood similar to the assessment?
- Is the property’s assessed value reflective of the sale price of what similar properties have sold for in the same neighbourhood as of January 1, 2023?
Estimates are provided to give property owners additional time to understand the potential impact the updated property assessment value would have on their taxes, if current tax policies were applied.
The assessed value of a property is just one of the factors used in the tax formula. Budget decisions made by the provincial government and/or City Council may increase or decrease actual tax amounts in 2025 due to changes that are made to tax policies and tax tools.
