Municipal Taxes
Saskatoon Region Property Tax Incentives Summary
Property Tax
Each taxing authority (the municipality, two school boards and the library) has established the uniform mill rate it requires to finance 2006 operations.
Uniform Mill Rates
| Taxing Authority | 2002 |
2003 |
2004 |
2005 |
2006 |
|---|---|---|---|---|---|
| Municipal | 12.59 |
12.93 |
13.35 |
12.27 |
12.45 |
| Library | 1.48 |
1.56 |
1.58 |
1.43 |
1.43 |
| Schools | 17.7 |
18.22 |
18.84 |
17.1 |
17.58 |
| Total | 31.77 |
32.71 |
33.77 |
30.8 |
31.46 |
Source: City of Saskatoon
Mill Rate Factors serve to redistribute uniform mill rate revenues between property classes. The establishment of mill rate factors on an annual basis is not dependent upon establishing the uniform mill rate, but is based on various tax policies set by city council.
Mill Rate Factors
| Property Class | 2002 |
2003 |
2004 |
2005 |
2006 |
|---|---|---|---|---|---|
| Residential | 0.8384 |
0.8513 |
0.8661 |
0.8817 |
0.894 |
| Condominiums | 0.8384 |
0.8513 |
0.8661 |
0.8817 |
0.894 |
| Multi-Unit Residential | 1.4191 |
1.3592 |
1.3065 |
1.3461 |
1.2605 |
| Commercial/Industrial | 1.3462 |
1.3247 |
1.3019 |
1.2517 |
1.2337 |
Effective tax rates are a way of expressing taxes as a percentage of fair value of property. The 2006 uniform mill rate and mill rate factors result in the following effective tax rates.
Effective Tax Rates
| Property Class | 2002 |
2003 |
2004 |
2005 |
2006 |
Taxes per $100,000 of 2006 Fair Value Assessment |
|---|---|---|---|---|---|---|
| Residential | 0.8384 |
0.8513 |
0.8661 |
0.8817 |
0.894 |
$1,969 |
| Condominiums | 0.8384 |
0.8513 |
0.8661 |
0.8817 |
0.894 |
$1,969 |
| Multi-Unit Residential | 1.4191 |
1.3592 |
1.3065 |
1.3461 |
1.2605 |
$2,775 |
| Commercial/Industrial | 1.3462 |
1.3247 |
1.3019 |
1.2517 |
1.2337 |
$3,869 |
