Property Taxes

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Property Taxes

Tax Administration

Municipalities rely on property taxes as a major source of revenue to fund protective services, engineering services, roads, administration, parks / recreation, and culture. Proper administration of the tax system fairly distributes the costs of local services and programs throughout the municipality.

The Town of Wakaw is responsible for collecting provincial education tax from Wakaw property owners on behalf of the provincial government.

Determining Property Taxes

To determine property tax, the taxable assessment provided by SAMA, is multiplied by the mill rates set each year. The municipal mill rate is determined based on the annual budget after considering all other sources of revenue.

Municipalities may also apply mill rate factors and/or adopt a minimum or base tax. The education mill rate is established by the province. Separate school divisions may elect to retain authority to establish their own mill rate.

Discount on Municipal Taxes

Discounts for prompt payment are as follows.

DiscountIf paid before:
5%July 31st
4%August 31st
3%September 30th
2%October 31st
1%November 30th
No DiscountDecember

*Please note that the discount does not apply to school taxes

Penalties

A penalty of 10% will be applied on January 1st to all outstanding account balances. Arrears may be subject to tax enforcement proceedings.

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august, 2017

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