Tax Rates & Mill Rates
The City of Saskatoon determines assessments based on legislation and direction from the provincial agency that provides assessment oversight, the Saskatchewan Assessment Management Agency (SAMA). Taxable assessments are a percentage of the assessment value. Provincial legislation sets the percentages based on property classes.
For 2017, Residential/condominium and multi-residential taxable assessments are 80% of the assessment values while commercial/industrial taxable assessments are 100% of the assessment values. Tax rates and/or mill rates and factors are set by each of the three taxing authorities, the City, the Public Library and the province (for education).
The Tax Rate is not the Mill Rate.
On your property tax notice, you will see a single number called 'Tax Rate'. The Tax Rate is calculated by taking the Mill Rate and dividing by 1,000, then multiplying that number by the Mill Rate Factor.
To calculate your taxes, multiply your taxable assessment by the tax rate. The 2017 Tax Rates will be updated in May with the approved 2017 rates.
Property Tax Notices are mailed to property owners in May with payment due June 30, 2017.
|2016 Tax Rates (displayed on notices)||2016 City||2016 Library||2016 Education|
|Private Recreational Hangars||.0052353||.0005309||.0082800|
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.
Education Mill Rate
The province of Saskatchewan sets the education tax mill rate. There are separate rates for residential, agricultural, and commercial/industrial property classes and mill rate factors will not be applied.
Property Tax Levies
(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 Education Mill Rate(s) = Education Tax
City of Saskatoon Tax + Saskatoon Public Library Tax + Education Tax = Total Property Tax Levy