Property Taxes

 Mill Rates

 What's New for 2015

Assessment

Reassessment

See Also…

Finance Dept

Property Taxes

Please visit FIS to query up-to-date information regarding property taxes and assessments.

Property taxes are an important part of any municipality, as they help to ensure the citizens of Yorkton have excellent emergency services such as police and fire, as well as quality recreational facilities and a sound infrastructure.

2016 Property Tax
Tax Policy for 2016 saw an increase in the residential mill rate of 3.96%, with the commercial mill rate increasing by approximately 6.42%.  The increase in the commercial sector will offset the losses in assessment the commercial sector has experiened during the past year.

Tax Notices were mailed to resident - May 27, 2016
2016 Property Taxes are due - June 30, 2016

2016 Budget
Council approved a 3.9% increase in the combined operating and capital budget. The increase is broken down as follows:

         0.90% - operating increase
         3.00% - capital infrastructure


The operating budget required additional funding to offset the increased cost of providing services like facility maintenance and utility increases, etc.

Impact on Taxes
The base tax remains at $710.00 per self contained residential dwelling or unit, and $639.00 for high density multi-family properties.

The Gallagher Centre base tax remains at $100/unit. The final loan payment will be in 2020.

Average tax increases, based on $200,000 full value assessment will be:

           Residential = $28.00/year or $2.33/month
           Commercial = $304.00/year or $25.33/month
           High Density = $25.20/year or $2.10/month

Payment Options
The City accepts cash, cheque or debit payments at City Hall or through your financial institution.

Credit card payments are only available online. Transaction fees are paid by the customer directly to the third party service provider.
To pay with your credit card please click here.

Electronic payments can be made for taxes, water and accounts receivable through your financial institution.
When setting up, choose:
        City – Yorkton – Taxes – 10 digits

Payments must be received in our office on or before June 30, 2016.  Payments made through your financial institution take a few days to be forwarded to our office.  To ensure payments are received inour office prior to the end of the month please allow ample time for mail delivery and processing time from your financial institute.  Penalties are applied the 1st of each month.

TIPPS - Tax Installment Payment Plan Service
TIPPS is a service we provide to allow you to prepay your taxes in monthly installments.

Payments are automatically withdrawn from your bank account on the 10th business day of each month.  The withdrawal date may vay slightly at each financial institution.

To ensure your taxes are paid by June 30th, the monthly withdrawal is calculated by taking the current tax bill and dividing it by the number of months between your enrollment date and May of the upcoming year.  In June the amount withdrawn from your account is the difference between the previous year's taxes and the the payments we received over that time period.

For TIPPS FAQ and application form please click here

You may also access the banking information change form or the cancellation form.

  Note that you will need Adobe Acrobat to view PDF files on this page. Download Adobe Acrobat.

Base Tax
In 2001 a base tax was implemented as a means to fund the cost of police and fire services.  The revenue generated allows for a a lower mill rate for residential, condominiums and multi-unit properties.  The Base Tax is currently $710.00 for residential properties, excluding vacant land, and $639.99 for high density multi-unit properties.

The Base Tax is allocated as follows:

  Fire  
$331.00
  Police
$379.00
  Total  
$710.00

Gallagher Center Upgrade Base Tax
This capital project required $1,200,000 for annual loan payments/debt on the facility.  These funds are raised through the commercial mill rate, and by adding a flat rate of $100.00 per residence and $90.00 for high density multi-family properties. The Gallagher Centre loan final payment will be in 2020.

Business Improvement District
The Business Improvement District was established to assist local business people and property owners in revitalizing their business, as well as expanding trade and commerce in their district.

The City of Yorkton provides administrative assistance to the BID by collecting a levy established by the business community from each property owner located within the BID district.  These funds are then used by the BID for various activities such as:  streetscaping, lighting, marketing and promotion of programs, etc.

The levy is based upon a flat fee of $200.00 per property plus 0.40 mills of total tax assessment. 

Mill Rate and Tax Calculation
To determine what the municipal mill rates will be the City first calculates how much property tax revenue is needed for operating and capital costs for the year.  From there we determine what portion of property taxes are to be collected from commercial and residential property owners.  The total revenue required is then divided by the taxable assessment, with the result being the applicable mill rate.  The mill rate may change from year to year depending on the tax revenue required and possible changes to the assessment base.

Subclass
City
School
YBID
Total
Base Tax
Gallagher
Center
Upgrade
Agricultural
14.86
2.67
17.53
Non-arable land
14.86
2.67
17.53
Residential
5.25
5.03
10.28
$710.00
$100.00
Condominium
5.25
5.03
10.28
$710.00
$100.00
Vacant Res
25.20
5.03
30.23
Vacant Multi-Unit
25.20
5.03
30.23
Multi-Unit - 4 to 7
5.25
5.03
10.28
*$710.00
*$100.00
Multi-Unit High Density
4.73
5.03
9.76
*$639.00
*$90.00
 
Commercial General
25.20
8.28
33.48
Commercial BID
25.20
8.28
0.4
33.88
$200.00
Industrial
25.20
8.28
33.48
Railway R of Way
25.20
8.28
33.48
Elevators
25.20
8.28
33.48
Mall
27.00
8.28
35.28
Halls & Misc
22.53
8.28
30.81

 

Where do my 2016 tax dollars go?
(Based on 2016 Operating & Capital Budget)