How are taxes calculated for my property?

Total property taxes for the year = Municipal taxes + School taxes — Provincial credits/rebates, where,

•     Municipal taxes are calculated as:                           Portioned Assessment X municipal mill rate

                                                                                                                                                1,000

(municipal mill rate is set based on municipal budget and total municipal assessment)

•     School taxes are calculated as:                               Portioned Assessment X school mill rate

                                                                                                                                                1,000

(school mill rate is set based on school budget and total municipal assessment)

•     In 2025, homeowners are eligible to receive the Homeowners Affordability Tax Credit only for their principal residence (a rebate of up to $1,500) on their school taxes. This replaced the longstanding Education Property Tax Credit (EPTC) program.
•     Manitoba School Tax Rebate is continuing for farm properties which is 50 per cent of the school taxes.