2026 Mill Rates
To calculate your annual tax, you can use the following equation:
| Municipal Taxes | Taxable Assessment Value x Municipal Mill Rate |
| School Taxes | Taxable Assessment Value x School Mill Rate / 1000 = School Taxes |
For example, if you owned a residential property assessed at $420,000, the municipal mill rate was 4.2506, and the residential school mill rate was 4.27, your property taxes would be:
| Municipal: | $420,000 x 4.2506 Mill Rate |
= $1,785.25 |
| School: | $420,000 x 4.27 / 1000 | = $1,793.40 |
| |
Total Taxes | = $3,578.65 |
RM's 2026 Assessment Notice Newsletter - coming soon.
The 2026 municipal mill rate is 4.2506 mills.
The province sets education mill rates. RM education taxes go to the Prairie Valley School Division:
| Agricultural: | 1.07 mills |
| Residential: | 4.27 mills |
| Commercial/Industrial: | 6.37 mills |
| Resource: | 7.49 mills |