Manitoba Further Reduces Education Property Taxes
For many years, the MREA has called upon the Manitoba government to implement a more equitable education funding model that removes provincial taxes from property.
In 2021, the province applied a 25% education property tax reduction in the form of a rebate for homeowners, and this year the rebate will be even greater.
The 2022 provincial Budget increases the tax rebate to 37.5% which returns $581 to the average Manitoba homeowner this year.
“We will continue to invest in affordability,” said Finance Minister Cameron Friesen.
Next year, Manitobans will receive a 50% education property tax rebate on residential properties.
With cost of living rising, reducing provincial property taxes helps to ease the occupancy cost burden associated with owning and maintaining a home. The MREA commends the province for its recognition of the affordability challenges Manitobans are facing, and its continued pledge to remove these taxes.
Manitoba REALTORS® support having a well-funded, world-class public education system in the province. However, for too long homeowners have accounted for a disproportionate share of education funding.
Phasing out education property taxes is about addressing a longstanding inequity and sustaining education with funding from other sources. Moving to a fairer and more even system of funding education is an opportunity to strengthen the education system and make Manitoba a more attractive place to own a home and operate a business.
For more information on property tax rebates please visit: https://www.manitoba.ca/edupropertytax/.
Over the last two decades, Lorne Weiss and the MPAC committee have had numerous meetings with the Manitoba government and their efforts have been featured in the media. Below you'll find an archive of media articles showcasing their efforts on this important issue.
Congratulations to Lorne Weiss and the entire MREA Political Action Committee. Well done!