Property tax in Saskatchewan

Rates are in mills (dollars per $1,000 of taxable assessment): in Regina in 2026, a home assessed at $300,000 has a taxable assessment of $240,000 (80%), and the City's formulas give a municipal levy of $2,589.41 (12.25600 mills × 0.88032 mill rate factor), a library levy of $229.47 (1.08613 mills × 0.88032) and a school levy of $1,024.80 (4.27 mills), for $3,843.68 in total.

Education property tax (EPT) is set by the Province by property class. Regina describes these as "Province-wide mill rates to calculate the education tax for all properties." The 2026 EPT mill rates are: - Agricultural: 1.07 - Residential: 4.27 - Commercial/Industrial: 6.37 - Resource: 7.49

These are unchanged from 2025. The 2024 rates were 1.42, 4.54, 6.86 and 9.88.

The EPT applies to the same taxable assessment as the municipal levy. Local tax tools cannot be applied to it: a city or municipality "shall not apply a mill rate factor" to the tax levied under The Education Property Tax Act (Cities Act s. 256(3); Municipalities Act s. 287(3)). The Province's phase-in rules also exclude EPT.

EPT collected by municipalities is paid to the provincial General Revenue Fund in most cases. Separate school divisions may levy their own taxes: "Each separate school division decides whether to establish its own property tax mill rates or to participate in the provincial funding structure." Where a separate division sets its own rates, the municipality remits the tax to that division. In Regina, owners can make a school tax declaration; individuals who do not complete one are deemed public school supporters under The Education Act.

Billing dates and penalties are set locally, so they vary between municipalities. Under The Cities Act, a city must send tax notices "before the end of the year in which the taxes are imposed" (s. 237(1)). The notice must show "the dates on which penalties may be imposed" (s. 237(5)(d)), and any instalment plan, discount or added percentage charge set by bylaw (s. 237(9)). Both Regina and Saskatoon bill once a year with a June 30 due date.

Regina. 2026 property tax notices were mailed on May 29, 2026, and taxes were due on June 30, 2026. A late payment penalty of 1.50% a month applies to balances after June 30. Taxes still unpaid after December 31 are declared in arrears, and the monthly penalty rises to 1.75%. The Tax Installment Payment Plan Service (TIPPS) spreads taxes over 12 monthly instalments, and penalties do not apply to accounts on TIPPS. The deadline to register for TIPPS is June 20.

Saskatoon. Property tax notices are issued in the spring after Council passes the mill rate bylaw, and taxes are due on June 30 each year. Supplementary tax notices are due on December 31 of the year they are issued. The late payment penalty is 1.75% a month on current taxes and 2.25% a month on arrears, compounded monthly. TIPPS (12 monthly instalments) can be joined at any time.

Mill rate factors and other tax tools. Saskatchewan's main local feature is the mill rate factor. A council may set factors by bylaw, and "when multiplied by the uniform rate" they "establish a tax rate for each class or sub-class of property" (Cities Act s. 255; Municipalities Act ss. 285-286). A factor above 1.0 raises a class's taxes and one below 1.0 lowers them. In Regina in 2026, residential, condominium and multi-residential property has a factor of 0.88032, and commercial, other agricultural, railway and pipeline, and resource property has 1.33303. Councils can also set a base tax, a flat amount added to the mill-rate tax, or a minimum tax, where the owner pays the greater of the minimum and the calculated tax.

Effective tax rate limit. "Starting with the 2023 property taxation year, an effective tax rate (ETR) ratio limit of 7:1 is placed on local tax tools." No class's effective rate, after all tax tools, may exceed seven times another's.

Phase-in. "Starting January 1, 2025, all municipalities are now able to phase in significant tax shifts due to revaluation"; before that, only cities could. A phase-in can run over two to four years but not beyond the four-year revaluation cycle, and it cannot be used for EPT. Regina phased in the 2025 revaluation for non-residential property: 1/3 of the change in 2025, 2/3 in 2026 and 100% in 2027.

Percentages of value. Because homes are taxed on 80% of assessed value and commercial property on 85%, the class percentage changes the tax base before any mill rate applies.