Released on April 6, 2021
Today, as part of the 2021-22 Budget, the Government of Saskatchewan has announced a slight increase in Education Property Tax (EPT) mill rates for 2021 in line with year-over-year inflation.
Since the last revaluation in 2017, the taxable assessment of agriculture properties in Saskatchewan has increased, while the taxable assessment of residential, commercial/industrial, and resource properties have declined.
"As our government continues to provide increasing support and funding to our education system, the province will be slightly adjusting its EPT mill rates to align with year-over-year inflation," Government Relations Minister Don McMorris said. "Education property taxes will continue to be significantly lower than when our government took office in 2007."
|Property Class||2020 Education Property Tax Mill Rates||2021 Education Property Tax Mill Rates|
2021 is a revaluation year for property tax assessments in Saskatchewan; the next revaluation year will be in 2025. Provincial legislation requires all Saskatchewan properties be revalued every four years, since their values change over time.
The 2021 revaluation follows the recent decision by the government to reduce the percentage of value taxable assessment rate for commercial/industrial and resource properties from 100 per cent to 85 per cent.
The education property tax system in Saskatchewan was redesigned and property taxes were lowered significantly in 2008-09.
For more information on Education Property Tax mill rates, visit https://www.saskatchewan.ca/residents/taxes-and-investments/property-taxes/education-property-tax-system.
For more information, contact:Jay Teneycke