Education Property Tax
 
 
   
    Financing the public education system in Saskatchewan is a shared responsibility between the provincial government and school boards:
  • The government provides funding from general revenues on an equalizing basis that is distributed through the K-12 operating grant formula, and
  • School boards have autonomy to deliver education services in their school division within the parameters of The Education Act, 1995, and to raise the remaining education funding requirements from the property tax base.

For general information on local assessment and taxation please refer to the Municipial Relations Division web site links @ FAQ - Property Assessment and Taxation

Education Property Tax Credit Program

In 2007, Saskatchewan home owners and commercial property owners will receive a 10 per cent tax credit this year, a two per cent increase from the existing tax credit program.  The $2,500 cap for multi-unit residential and commercial and industrial property owners remains in place. News Release

For 2006, government has committed an additional $53 million in long term, sustainable education property tax relief to agricultural property owners, bringing the total property tax credit to 38% for these tax payers. An 8% credit (again with a $2,500 cap) will apply equally to all other property classes for 2006. News Release

For the 2005 property tax year, the program provides an 8% credit on education property taxes, subject to a $2,500 credit cap on commercial and industrial education taxes. Municipalities administered this program by reducing the amount of education property taxes payable to school divisions by the amount of the credit, highlighting it on the tax notice, and remitting the net amount to school divisions. News Release

In 2004, government committed to address property tax relief in the short term by dedicating $110 million in the 2005 and 2006 taxation years to reduce the education property levy on all properties in Saskatchewan. News Release

 

   
         
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