Property Taxes

The Town of The Pas levies taxes in order to provide services to the community.  The Town collects taxes on behalf of provincial schools and also on behalf of Kelsey School Division No. 45. 

Tax notices are sent out in June of each year and are due August 31st in each year.  Taxes paid in August cover a period from January to December of that year. 

There is a 1.25% per month penalty added to taxes that are not paid by August 31st. 

Town of The Pas Residential Mill Rate Comparison 

	2016	2015	2014	2013
General Municipal Levy	29.96	35.78	35.78	40.83
Local Improvement Levy	3.24	3.76	3.79	4.63
Total Municipal Levies	33.20	39.54	39.57	45.46
School Levy
Kelsey Local No, 745	17.34	20.70	20.05	22.36
Total Mill Rate	50.54	60.24	59.62	67.82
Provincial School Tax	10.50	11.61	11.39	11.83
Commercial Mill Rate Comparisons	61.04	71.85	71.01	79.65

Mill Rate

- 1 Mill = 1/1000^th of a dollar
- 1 Mill increase raises $144,930 in revenue
 

How property taxes are calculated

• property taxes are calculated by multiplying  the portioned assessed property value by the mill rate
• the mill rate is the tax rate; 1 mill = 1 tenth of 1 cent, or $1 per thousand dollars of assessed property value
• assessed property value is the market value of property determined by the Provincial Assessment Branch based on prevailing local real estate market conditions
• portioned assessment value is then determined by multiplying the assessed value by a rate of 45% for residential property and 65% for commercial property      

 

Property tax calculation – 2016 (using example of $200,000 assessed value)

Residential: (assessed value $200,000)/1,000 x 45% x 50.54 = $4,548.60

Commercial: (assessed value $200,000)/1000 x 65% x 61.04 = $7,935.20