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The 2023 general assessment resulted in an average increase of approximately 8% in the assessed value of properties in Winnipeg. This means your municipal property taxes for 2023 are only affected by the new assessed value of your property if it has changed by more or less than 8%.
An assessment is the City’s estimate of the value of your property as of a specific date. The City does assessments so it can decide what percentage of its total property tax bill you must pay for your property. Generally, the idea, in its simplest form, is that if you own 1/1,000 of the City’s taxable property, you pay 1/1,000 of its ...
The City completed a reassessment for 2023 and properties have had new assessed values established based on their market value as of April 1, 2021. An assessment increase for 2023 does not mean an equivalent increase in 2023 property taxes. Learn more about how a change in your assessed value may impact your property taxes.
Winnipeg real estate prices increased by 4.2% from August 2022 to August 2023, with the average sold price of a house being $383K in August 2023. The average sold price of a detached house increased by 4.1%, and that of a condo increased by 4.6% in the same period. Property taxes in Winnipeg are usually due by June 30 of every year.
- Winnipeg Property Tax Department Information
- Manitoba
- 1822
- 1738
Jun 5, 2024 · Property is assessed at its market value, or the price the property (land and buildings) could normally sell for on the real estate market as of the reference date. The provincially mandated reference date for the 2025 General Assessment is April 1, 2023. In other words, the 2025 (and 2026) market value represents the expected selling price of ...
May 12, 2023 · A property assessment is the City of Winnipeg’s estimate of your property’s market value as of a designated date, utilized for property taxation. The Province of Manitoba’s Municipal Assessment Act mandates the city to assess all properties in Winnipeg to ensure the fair and equitable distribution of the required property tax revenue.
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Tax Rates and Assessed Value 2023 2022 Property tax: Total Assessed Value $109.145 billion $99.393 billion Mill Rate 12.900 13.468 Total Property Tax Revenue $713.9 million $682.2 million Frontage Levy per foot $6.95 $5.45 Frontage Levy Revenue $82.6 million $64.2 million Business Tax: Annual Rental Value $1.349 billion $1.295 billion Tax Rate ...
