Municipal taxes pay for all the services and utilities residents, business owners, and visitors to the RM use. This includes road maintenance (on all roads except provincial highways), water and sewer, Community Safety Officers, public works, staff, and governance costs. Each year, RM staff bring forward a list of projects for funding - Council reviews this list and adopts it as part of the budget. Once the budget for each year is created, the total budget value is used to calculate the tax rate for each property within the municipality.
Taxes are levied in August and due on December 31st of each year. There are also early payment discounts if you pay your taxes before specific dates. These dates include:
Note: These discounts only apply to the municipal portion of your taxes, not the amount owed to the school board.
- 5% if paid by September 30
- 4% if paid by October 31
- 2% if paid by November 30
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 4.8348, the residential municipal mill rate factor (MRF) was 1.05, and the residential school mill rate was 4.54, your property taxes would be:
|Municipal:||$420,000 x 4.8348 x 1.05 MRF / 1000||= $2,132.15|
|School:||$420,000 x 4.54 / 1000||= $1,906.80|
|Total Taxes||= $4,038.95|
The municipal mill rate for 2022 is set at 4.8348 mills. This mill rate will allow the RM to fully fund its 2022 budget.
Different types of property are also affected by Mill Rate Factors (MRF). In 2022, MRFs were set at:
The province sets school mill rates. RM school taxes go to the Prairie Valley School Division:
Saskatchewan Assessment Management Agency (SAMA) is contracted to determine the fair value of all property within the municipality. All assessments are determined according to a base date, and a reassessment is completed on all property every 4 years (as set by provincial regulations). SAMA reassessed all municipal properties in 2021; the next assessment year is scheduled for 2025.
You can learn more about your property-specific assessment value by visiting the Saskatchewan Assessment Management Agency (SAMA).