Posted by: karicalder | April 5, 2008

Saskatoon Home Owners Face Big Property Tax Increase

The city of Saskatoon released it’s initial budget for 2008 which indicates that Saskatoon real estate owners could be facing an 8.6 per cent property tax increase.  This increase would be the largest property tax increase Saskatoon home owners have faced in 26 years.  The property tax increase is directly related to the increase of demand in the Saskatoon real estate market.  The city is indicating that the property tax increase will help assist in the cost of providing utilities to the new Saskatoon neighborhoods development currently underway.  The city has developed several new neighborhoods including Willowgrove and Stonebridge but other neighorhoods are planned such as Rosewood and Blarimore.  As the city of Saskatoon continues to grow and expand homeowners will need to float the bill for the development.  Be sure to visit my Saskatoon real estate website for up to date information on the current Saskatoon market.

To read more about this visit the Star Phoenix.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.


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