Most Saskatchewan residents will now be paying less education property taxes.

     The new funding system includes cutting and capping education property tax rates by setting province-wide mill rates.

     Education Minister Ken Krawetz says property owners in the province have had to bear a heavy burden when it comes to funding education.

     In 2009, the overall amount of tax paid by property owners to fund education will be reduced by $103 million compared to last year.  This is the largest reduction in the education portion of property taxes in Saskatchewan's history.