2025 Mill Rates

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

Municipal Taxes	Taxable Assessment Value x Municipal Mill Rate x Mill Rate Factor / 1000 = Municipal Taxes
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 4.1673, and the residential school mill rate was 4.27, your property taxes would be:

Municipal:	$420,000 x 4.1673 Mill Rate x TBD MRF / 1000	= $1,750.27
School:	$420,000 x 4.27 / 1000	= $1,793.40
	Total Taxes	= $3,543.67

 

 

RM's 2025 Assessment Notice Newsletter

 

The 2025 municipal mill rate is 4.1673 mills.  Council repealed the Mill Rate Factor Bylaw for 2025 taxes.

 

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