The Big Idea!
As the Province continues to reduce the debt, hundreds of millions of dollars that are now being used to pay interest on that debt will become available to help eliminate the most out-dated and regressive tax on the books... education property tax.
Using interest savings to reduce the education portion of property tax would benefit every property owner and stimulate economic growth without impacting funding to Saskatchewan schools.
$4.1 billion
$435 million
By clicking this button you are anonymously expressing support to amend the Growth & Financial Security Act so that any interest savings realized from paying down Saskatchewan's General Debt shall be used to reduce education property tax mill rates without any adverse impact on education funding.
Calculate What the Big Idea Could Mean to You!
Please input what you think your property is worth if you were to sell it under the appropriate property type and click calculate. The value the is calculated is a rough estimate of what the Big Idea could potentially save you if the entire education property tax were eliminated. The actual savings would be based on a detailed calculation using assessment and tax policies.
The BIG IDEA report (pdf)
How could the Big Idea benefit you? Here are some examples or use the calculator to the right or if applicable access the City of Regina's site as noted below:
| $100,000 Property Value Pasture Land - $283.20 Crop Land - $389.40 Residential - $705.60 | $250,000 Property Value Pasture Land - $708.00 Crop Land - $973.50 Residential - $1,764 |
*Please refer to the same notes below the calculator | |
Regina Property Owners - Log onto www2.regina.ca/tax/search.jsp and put in your business or home address (only Regina addresses) and click 'search'. When your tax summary comes up, scroll down and see what the 'education' amount is. If the Government of Saskatchewan adopts our recommendation it would put us within striking distance of the complete elimination of education property tax.
See what has been said and written about the Big Idea:
- Premier Wall responds to the Big Idea
- Leader Post Chamber plan a stroke of genius
- Leader Post An Idea that could pay big dividends
- The Regina Chamber January 22 Media Release
- June 29 Media Release
How can you help the Big Idea? There are a number of ways you can help:
- Talk to your MLA, for a listing click http://www.legassembly.sk.ca/members/mla_list.htm
- Join the Big Idea Facebook group
- Show your support by clicking the I support the Big Idea button on the top right section of this page
If you require more information please contact us!
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Big Idea Radio Advertisements Big_Ideas.mp3Big Ideas Regina_Chamber_of_Commerce_-_Big_Idea_Blue_Moon_REV.mp3Blue Moon Regina_Chamber_of_Commerce_-_Big_Idea_Taxes_REV.mp3Taxes |
* value based on a rough estimate on what the property may sell for
** based on 2010 provincial education mill rates
*** based on an estimate of value - actual values may vary due to a variety of factors
**** based on total elimination of education property tax
***** calculations use Provincial Percentages of Value
****** Note, commercial properties above $500,000 in value pay higher rates based on tiers, please call 757-4658 for information on how to calculate the tax