School Tax Rates

Non-residential rates will be set so that the change in total non-residential school tax revenue will be limited to inflation plus new construction.

A separate residential tax rate is set for each school district according to the province's residential school tax rate formula, which has been used since 1991. That formula automatically reduces tax rates as the average property value rises.

For 2008, the average residential school tax payable before the Home Owner Grant will increase by the 2007 provincial rate of inflation.

Residential school tax rates are set in April when revised assessment roll data is available.