Plans to scrap some education-tax rebates in favor of a single $15,000 property tax credit for every home are expected to be in the next provincial budget.
The change proposed for next year would mean every Manitoba household subject to $1,500 of provincial property taxes or less in 2025 won't pay any provincial property taxes at all.
This move would eliminate both the 50-per-cent provincial property tax rebate and $350 education tax credit in 2025, and In their place, every property subject to provincial property taxes would receive up to $1,500 off those taxes.
Conversely, residential properties with higher valuations would pay more provincial property taxes next year.
The NDP government would not say how much additional revenue Manitoba would raise from provincial property taxes in 2025 as a result of shifting the tax burden to more valuable properties.
Notably, The change in property tax credits will not affect municipal property taxes, which are applied on the same bill.
