Mill Rate
The tax per dollar of assessed value of property. The rate is expressed in "mills", where one mill is one-tenth of a cent ($0.001). Mill rates are set by each taxing authority to raise the revenue required by their budget.
For 2011 the Mill Rates are:
|
Property Class |
Municipal |
Library |
School |
School Rates Based on Taxable Assessments for Commercial Properties only |
||||
|
1 - 499,999 |
500,000 -5,599,999 |
6,000,000 & over |
||||||
|
Residential |
14.5389 |
1.5919 |
9.5100 |
|||||
|
Condominium |
14.5389 |
1.5919 |
9.5100 |
|||||
|
Multi-Family |
14.5389 |
1.5919 |
9.5100 |
|||||
|
Agriculture |
14.5389 |
1.5919 |
3.9100 |
|||||
|
Commercial/Industrial |
14.5389 |
1.5919 |
12.25 |
14.75 |
18.55 |
|||
|
Golf Courses |
14.5389 |
1.5919 |
12.25 |
14.75 |
18.55 |
|||
|
Railway/Pipelines |
14.5389 |
1.5919 |
12.25 |
14.75 |
18.55 |
|||
|
Business Improvement District Areas |
BID Rates* |
|||||||
|
Regina Downtown |
0.8533 |
|||||||
|
Regina Old Warehouse District |
0.9785 |
|||||||
* Only applies to commercial properties located in the Business Improvement District Areas