Saskatchewan school tax to be held at current level
The Saskatchewan government says it will not boost the education portion of property taxes this year.
2013 is a reassessment year, which potentially could have meant whopping tax increases for homeowners and businesses — assuming property values went up and the mill rate stayed the same.
In fact, property values went up 67 per cent from 2009 to 2013. Earlier this year, the province was not ruling out 2013 tax bills that might go up by double digits.
However, Premier Brad Wall announced Wednesday that educational mill rates will be dropped to compensate, and overall taxes won't go up.
Some property owners will pay more taxes and some will pay less, depending on how their own individual assessments fared, but overall the effect will be revenue neutral, he said.
"Despite some significant pressures on our provincial budget, we will hold the line on education property taxes in 2013," Wall said in a news release.
However, with a growing population and increasing enrollments, tax increases may be needed in future, Wall added.