Property Taxes
2024 Mill Rate 3.75
Mill Rate Factor Com. 6.86
2023 Mill Rate 3.75
Mill Rate Factor Com. 6.86
2022 Mill Rate – 3.25
Mill Rate Factor – Com. 9
PROPERTY TAX DISCOUNTS
• If paid by July 31st – 6.1%
• If paid by August 31st – 6%
• If paid by September 30th- 5%
• If paid by October 31st – 4%
• If paid by November 30th – 2%
• If paid by December 31st – 0%
The discounts only apply to the Municipal and Hail portion, they DO NOT apply to the School portion.
Taxes for the current year become arrears as of January 1, of each new year and a 1% penalty will be added to any unpaid balance on
this date and the beginning of each month thereafter.
Understanding the Mill Rate
Council sets the mill rate every year in order to raise the amount of taxes needed to balance the budget. Your property is given an assessed value by SAMA (Saskatchewan Assessment Management Agency). A provincially established percentage is applied to this value- your taxable assessment. Agriculture 55% Pasture 45% Residential 80% Commercial 85% Council establishes the mill rate by dividing the amount of taxation revenue it requires by the total taxable assessment and multiplying that number by 1000.
For example, a municipality with a total taxable assessment of $34,200,000 requires property tax revenue of $342,000. The tax rate is $342,000 / $34,200,000 x 1,000 = 10.0 mills.
The municipal portion of your property tax is calculated by multiplying your taxable assessment times the tax rate, and dividing that number by 1,000.
For example, if your taxable assessment is $81,700, the municipal portion of your property tax will be $81,700 x 10.0 / 1,000 = $817.