Assessment Cycle

Assessment Cycle

For the purpose of assessment and taxation, the City of St. John’s must determine the market value of all property within the city as of a single date, known as the base date. 2021 is the final year of the current three-year cycle of property assessments in St. John’s. Beginning in 2022 all property assessments will be in effect for two years, rather than three.

Prior to August 31, 2021 property owners in St. John’s will receive an assessment notice of the estimated market value of the property. This value will be used to determine your property tax bill for both 2022 and 2023.

The base date for the 2022 assessment notice is January 1, 2020.

Assessors will determine the market value of every property as of this date, which means your assessment is a retrospective or historical value, not the current value. When reviewing your assessment notice it is important to remember this represents what the property was worth as of January 1, 2020 - not what the property is worth today.