The Manitoba government unveiled its 2021 budget Wednesday afternoon.
The province announced the phasing out of education property taxes by 50 per cent over the next two years (25 per cent per year) for residential and farm properties, and 10 per cent for other types of property.
For 2021, owners of residential and farm properties will receive a 25 per cent rebate of the school division special levy payable.
The Education Property Tax Rebate will be based on the school division special levy before the Education Property Tax Credit Advance.
Farm property owners will still have to apply for the Farmland School Tax Rebate but the percentage eligible and the maximum amount will be decreased proportional by 25%. The percentage will decrease from 80% to 60% and the maximum amount will decrease from $5,000 to $3,750.
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