2025 Taxation

To calculate your annual tax, you can use the following equation:

Municipal Taxes	SAMA Taxable Assessment Value x Municipal Mill Rate x Mill Rate Factor / 1000 = Municipal Taxes
School Taxes	SAMA 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 4.9073, the residential municipal mill rate factor (MRF) was 1.05, and the residential school mill rate was 4.27, your property taxes would be:

Municipal:	$420,000 x 4.9073 x 1.05 MRF / 1000	= $2,164.12
School:	$420,000 x 4.27 / 1000	= $1,793.40
	Total Taxes	= $4,070.92

 

 

RM's 2025 Assessment Notice Newsletter coming soon.

 

2025 municipal mill rates coming soon.

 

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