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Once every two years
- A reassessment is a periodic revaluation of a property assessment for taxation purposes, and in the Province of Manitoba, a reassessment occurs once every two years. 2023 will be the first year of Manitoba’s next biannual assessment cycle, which will update market value assessments from a valuation date of April 1 st, 2018, to a valuation date of April 1 st, 2021.
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This change is aligned with best practices across Canada with minimal impacts on how Manitobans receive assessed values of their properties. The next assessment period would begin in 2023, and the regular two-year cycle would continue from that point forward.
Given the impact of the COVID-19 pandemic, the province is changing the current reassessment cycle—moving the reference date of the current reassessment to April 1, 2021. This will allow real estate market trends to be more accurately reflected in property assessments for taxation purposes.
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Properties in Manitoba are assessed every two years to ensure assessment values keep pace with changing real estate market values. 3. Why do assessments change? There are several reasons why your property's assessment can change:
New regulations legislated by the Province of Manitoba’s Municipal Assessment Act changes the start date for the next cycle to 2023 to be based on property values as of April 1, 2021. The current base date of April 1, 2018 will remain in place for 2021 and 2022.
A reassessment is a periodic revaluation of a property assessment for taxation purposes, and in the Province of Manitoba, a reassessment occurs once every two years. 2023 will be the first year of Manitoba’s next biannual assessment cycle, which will update market value assessments from a valuation date of April 1 st, 2018, to a valuation ...
May 18, 2024 · According to the Municipal Assessment Act, properties must be reassessed every two years, with the last assessment occurring in 2023. The assessed value used for these assessments is based on the property's value as of April 1st, two years prior.
People also ask
When will Manitoba's property assessment cycle switch from even to odd years?
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What is the difference between a 2025 and 2023 reassessment?
The new regulation under the provincial Municipal Assessment Act pushes the start-date for next cycle to 2023, to be based on property values as of April 1, 2021. The current base date — April 1, 2018 — will remain in place for 2021 and 2022.
