Manitoba boosts property tax credit to $1,700 in 2027, targeting middle- and lower-income homeowners, with phaseouts for homes over $1M.

Manitoba is raising its property tax credit from $1,600 to $1,700 annually starting in 2027, with reductions for homes over $1 million and elimination for those over $1.5 million, targeting relief for middle- and lower-income homeowners. The change is expected to save taxpayers $7.2 million yearly. The move comes amid rising property taxes, which jumped 19.5% in February 2024, and criticism over sharp school tax increases. The budget also addresses a $1.6 billion deficit due to drought and wildfires, aiming to balance the books by 2027-28, with funding for public services, child care, and a public inquiry into a disputed silica sand mine project.