The taxation year (Town's Fiscal Year) is the same as the calendar year, January 1 - December 31, with the property taxes due December 31st.
You receive a 5% discount on municipal taxes if you pay your taxes before September 30th, 4% discount before October 31st, and a 2% discount before November 30th.
Taxes can be paid in person at the Town Office, debit card, cheque, cash, customer automated funds transfer and etransfer are accepted. Also an instalment payment plan service is available.
Office hours are Monday to Friday 7:30 am - 4:00 pm.
The property tax calculation is shown in the following formula:
Your Tax Bill = Base Tax + [(Taxable Assessment x Mill Rate x Mill Rate Factor) / 1,000 ]
Taxable Assessment - This is the assessment value used as the base to calculate your property Tax. It is determined by multiplying the assessment by the percentage of value applicable to the class of property that the property belongs to.
Mill Rate - After annual budgets are approved by the School Board and the Town, a mill rate is calculated and applied to all properties.
Mill Rate Factor - A mill rate factor is a tax policy tool used to redistribute the amount of total taxes paid by each property class.
Base Tax - A base tax is a flat fee added to the municipal portion of each tax bill, regardless of the property's assessment. The base tax fee relates to the essential services that a property receives.
The deadline to pay property taxes is December 31st. If your current year's taxes remain unpaid after December 31st, you will be charged a penalty of 5% on January 1st and July 1st on any outstanding balances.
Frequently Asked Questions:
When paying their property taxes, can a taxpayer specify that they are only paying the municipal portion of their taxes, but not their education taxes?
No. Under section 273 of The Municipalities Act, the municipality must first apply a tax payment received towards any arrears that may exist, and then divide the remainder of the payment in proportionate amounts to all taxing authorities for whom the municipality collects taxes.
Source: Saskatchewan Urban Municipalities Association (SUMA). Urban Update. Issue No. 13-16. July 29, 2013