SASKATOON 鈥� The Canadian Taxpayers Federation is applauding the Saskatchewan government for committing to the Education Property Tax mill rate in budget 2025.
鈥淪askatchewanians need tax relief and this property tax cut will make a real difference for property owners,鈥� said Gage Haubrich, CTF Prairie director. 鈥淭ax cuts like this help grow the economy and leave more money in taxpayers鈥� pockets.鈥�
The government of Saskatchewan announced Tuesday that it will be lowering Education Property Tax mill rates in its next budget. The government previously Education Property Tax mill rates in 2022.
This cut will save taxpayers more than $100 million annually, to the government. The provincial government to take in about $805 million in property tax this year.
A Regina family currently a total property tax bill of about $3,118 on a typical home.
Families need tax relief as a majority of Saskatchewanians report that they are struggling or uncomfortable financially, according to polling.
鈥淭his is a good first step that helps make Saskatchewan farmers and businesses more competitive amid economic uncertainty,鈥� said Haubrich. 鈥淏ut the government needs to take the next step and offer more tax relief to all Saskatchewanians.鈥�
