A report from the Canadian Federation of Independent Business (CFIB) has found that Prince Albert had a municipal property tax gap of 3.86 in 2016 – meaning commercial property owners paid $3.86 in tax for every $1 that residential property owners paid – and the highest property tax bill of $6,546 for properties assessed at $200,000. The report found Prince Albert once again “had the most unfair tax system” in the province.
“The City has done some work to improve the commercial tax ratio somewhat over the last few years, but too many businesses are struggling to keep their doors open right now, and we need to see significant improvement,” said Larry Fladager, CEO of the Prince Albert & District Chamber of Commerce.
“Asking local businesses to pay more tax than everywhere else year after year, when the economy has slowed across the country and we’re hearing about layoffs and closures, is outrageous. The City can and should be doing more to make it easier for businesses to survive in Prince Albert.”
As the City considers its 2018 budget, the Chamber is urging the City to consider a significant tax break for commercial properties.
“We’ve said this before. Municipal officials are not doing enough to find cost savings in Prince Albert, and this has a negative effect on business,” Fladager added.
The average tax gap for 2016 was 2.21. Warman was found to have the lowest municipal property tax gap among Saskatchewan cities at 1.39.