Education property tax collected by municipalities is paid to the provincial government's General Revenue Fund most cases. Separate school divisions have a right to levy taxes in order to fund their educational system. Each separate school division decides whether to establish its own property tax mill rates or to participate in the provincial funding structure. Municipalities with a separate school division that has set its own mill rates remit EPT directly to the separate school division.
Education Property Tax Mill Rates
The 2024 EPT mill rates are as follows:
| 2024 Mill Rates | 2023 Mill Rates | 2022 Mill Rates | 2021 Mill Rates | |
| Agricultural | 1.42 | 1.42 | 1.42 | 1.36 |
| Residential | 4.54 | 4.54 | 4.54 | 4.46 |
| Commercial/Industrial | 6.86 | 6.86 | 6.86 | 6.75 |
| Resource | 9.88 | 9.88 | 9.88 | 9.79 |