Saskatoon property taxes to rise 3.7% next year
SASKATOON -- City councillors wrapped up budget deliberations Wednesday evening, voting to raise property taxes over the next two years.
In 2020, taxes are set to increase 3.7 per cent. A homeowner with a property assessed at $371,000 would pay an additional $69.87 a year.
In 2021, property taxes will increase 3.87 per cent, or about $75 more a year for the same homeowner.
At the start of Wednesday’s meeting, the property tax hikes were proposed to be about $9 lower per year.
However, the increases are lower than what city administration initially recommended in June.
City administration previously suggested a 3.97 and 4.17 per cent property tax increase in 2020 and 2021, respectively.