Tax abatements approved by Council

Yorkton Council approved a number of exemptions and abatements of taxation for a number of properties at its regular meeting Monday.

article continues below

All properties are taxed on the basis of assessment, with tax notices sent out at the end of May, explained Ashley Stradeski, Director of Finance with the City.

However, a Council may reduce property taxes or exempt any property from taxation in whole or in part with respect to a financial year.

In that regard, various city policies provide tax incentives that require Council approval, said Stradeski.  These incentives must receive Council approval on an annual basis.

The first issue revolved around an abatement for hotel properties in the city.

“In 2019, there occurred a mid-revaluation change in the assessment model used to value hotel properties.  Many hotel properties in Yorkton have appealed their assessed values over the last number of years, with some success,” detail a report circulated to Council.

“This model change has drastically increased the assessed values of some of these hotels, literally the year after they had their values decreased by appeal.  

“Based on the lack of continuity for hotel valuations, starting with large increases based on the 2017 revaluation, then subsequent appeals reductions and ongoing appeals, we propose that the 2019 taxes for these hotels be abated to the 2018 amounts plus the 2.9 percent increase in taxation that was approved for the city and other taxpayers.”

Stradeski said the suggested move, that was approved, created some fairness, as the City waits for more numbers to emerge.

“This will allow us to observe the outcomes of the ongoing appeals without putting further city funds at risk of loss, as the losses are eventually borne by the taxpayers in subsequent years.  Further, it provides consistent taxation both for the city from a revenue standpoint and for the taxpayers,” said the report.

In another abatement, “the public and separate school divisions abate the properties listed in the bylaw in different capacities. The SK Abilities Council located at 162 Ball Road, and the SIGN Building located at 83 North Street are not abated by the City of Yorkton as the Municipality, as these properties are taxed at a reduced rate under a different subclass provided for in Bylaw No. 3/2019 which was passed on May 6, 2019.”s

Another example related to “an agreement with Harvest Meats, the city agrees to phase-in any increase in taxation as a result of increase assessment due to expansion, for each and every expansion of the Harvest lands over a five year period. The last expansion/addition was added to the assessment roll in 2016. The 25 percent abatement in 2019 is year four of the expansion. The expansion/addition will be fully taxed in 2020.”

Other abatements were related to properties developed under the Rental Housing Incentive Program.

The total abatements for the municipality was $58,697.

© Copyright Yorkton This Week


NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Yorkton This Week welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus


Do you feel Yorkton sports could be served with only one ice arena?

or  view results

Community Event Calendar

Find out what's happening in your community and submit your own local events.

Popular Yorkton News