Understanding Property Taxes and School Taxes in the RM of Reynolds

Property and school taxes can seem confusing, but don't worry! In the RM of Reynolds, they're calculated in a way that's easy to understand. Let's break it down.

What Are Property Taxes?

First things first, what are property taxes? Property taxes are fees that property owners pay to the local government. These taxes help pay for services like schools, roads, and emergency services that make our community great.

How Are Property Taxes Calculated?

Property taxes in the RM of Reynolds are calculated based on the value that the Provincial Assessor deems your property to be worth at a specified point in time. Each year, the Municipal Council determines how much money they require to deliver the necessary services. Then Mill Rates are determined to generate those required dollars. The mill rate is then applied to your property’s assessed value to determine your specific property tax amount.


Let's say you own a home in the RM of Reynolds. The provincial government assesses your home's value at $222,220. The portion of assessed value that is taxable on residential properties is 45%. That means that $222,220 x 45% is your portioned (or taxable) value, being $100,000. Now, let's pretend the Municipal mill rate is 10.500. To calculate your property tax, you would multiply the portioned (taxable) value ($100,000) by the mill rate 10.500 and then divide it by 1,000 (since it is a MILL rate). So, your property tax would be $1,050.00.

Other Property Tax Resources:

If you want to learn more about property taxes in Manitoba, here are some helpful resources:

Manitoba Property Tax Calculator

Understanding Your Property Assessment

Remember, property taxes are important for keeping our community running smoothly. By understanding how they're calculated, you can better manage your finances and contribute to the well-being of our community. If you have any questions, don't hesitate to reach out to your local government office for assistance.

How School Taxes Are Calculated:

In addition to property taxes, school taxes are also a part of your tax bill in the RM of Reynolds. These taxes help fund our local schools and education system. School taxes are calculated separately from property taxes and those requirements are set by your School Division Trustees.

Example of School Tax Calculation:

Let's go back to our example of owning a home in the RM of Reynolds with an assessed value of $222,220. Suppose the school tax rate is 12.150. To calculate your school tax, you would multiply the portioned (taxable) value ($100,000) by the school tax rate (12.150) and then divide it by 1,000. So, your school tax would be $1,215.00.

Combined Tax Bill:

Your total tax bill would then be the sum of your property tax ($1,050.00) and your school tax ($1,215.00), which equals $2,265.00

Understanding the Impact:

It's important to understand how school taxes contribute to the quality of education in our community. By paying school taxes, you're investing in the future of our children and supporting the local education system.

Resources for Further Information:

If you have questions about how school taxes are calculated or want to learn more about their impact, you can visit the following resources:

Explaining Education Funding and Property Taxation

By understanding both property and school taxes, you can better manage your finances and contribute to the well-being of our community and its education system.