Saskatoon Property Tax Mill Rate History 2000 - 2008
Saskatoon Property Tax Mill Rate History 2009 - 2011
City of Saskatoon and Saskatoon Public Library Tax Mill Rates:
The total revenue required from taxation by each taxing authority is divided by the total taxable assessment in Saskatoon to arrive at the mill rate for each authority, per $1000 of taxable assessment.
|
Total revenue required |
÷ |
Total taxable assessment
$1000 |
= |
Mill Rate |
City of Saskatoon and Saskatoon Public Library Mill Rate Factors:
The mill rate factor is used to determine the proportion of tax revenue that each property class will pay. There are three main property classes: residential/condominium, multi-residential, and commercial/industrial.
School Board Mill Rate
Starting in 2010, the province of Saskatchewan has set education tax mill rates for all public school boards. There are separate rates for residential, agricultural, and commercial/industrial property classes and mill rate factors will not be applied. Separate school boards retain the option to set their own mill rate(s).
Property Tax Levies (properties paying Public School Board tax)
|
Taxable assessment
$1000 |
X |
City Mill Rate |
x |
Mill Rate
Factor |
= |
City of Saskatoon
Tax |
|
Taxable assessment
$1000 |
X |
Library Mill Rate |
x |
Mill Rate
Factor |
= |
Saskatoon Public
Library Tax |
|
Taxable assessment
$1000 |
X |
Provincial School Board Mill Rate(s) |
= |
School Board
Tax |
|
Property Tax Levy |