Municipal Tax Ratio Policy
City Council approved a tax ratio of 1.59 on March 27, 2017.
The City’s annual budget determines how much it will need to ask from property owners to pay for services like garbage pick up or snow clearing.
The tax ratio policy determines how the taxes needed to cover those costs are split between the residential and commercial property classes.
The approved ratio of 1.59 means that for every $1.00 in property taxes that a residential property pays, a commercial property will pay $1.59 on an equivalent assessment.
Below, is the current tax ratio compared to the previous:
The tax ratio shift has not affected Saskatoon's standing as having some of the lowest property taxes among Canadian prairie cities.
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