Canora’s 2020 municipal tax rate was 14.05 mills with a minimum tax of $1,000 for land and $1,260 for land and improvements.
Canora has implemented mill rate factors of .85 for residential property and 1.5 for both commercial and agricultural property.
To obtain the total tax rate, the municipal rate must be added to the Good Spirit School Division rates.
An example to calculate municipal taxes (does not include school portion):
A residential property’s taxable assessed value is $120,000.
Municipal portion of taxes is $1,433.10 (120,000x14.05/1000x.85)
A commercial property’s taxable assessed value is $120,000
Municipal portion of taxes is $2,529.60 (120,000x14.05/1000x1.5)
For more information regarding the tax rates and calculations, please contact the town office at (306) 563-5773.