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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%.
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 property taxes. Why does the City assess properties? The Province’s Municipal Assessment Act requires the City to assess all property in Winnipeg so it can fairly and equitably divide the property tax it must raise.
This section of our web site provides answers to the most commonly asked questions about property assessment. You'll find valuable information such as what the department does, why and how property is assessed, and what to do if you have questions about your property assessment.
Property taxes are calculated by applying municipal and school mill rates against the portioned assessment of your property. By definition, a mill is a one-thousandth part. For calculating taxes, one mill represents $1.00 of taxes for every $1,000.00 of portioned assessment. Example: Current Mill Rates. Historical Mill Rates.
The purpose of property assessment is to equitably divide the property tax burden among properties by determining the assessment of one property (its market value) relative to its neighbours.
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Beginning in 2025, instead of receiving assessment notices based upon Jan. 1 of the upcoming taxation year, property owners will receive assessment notices based upon Jan. 1 of the preceding year. This change would be fully implemented for the 2025 taxation year, with 2024 being a transition year.
People also ask
Why does Winnipeg have a property tax assessment?
How does a property assessment work in New Brunswick?
How does the 2023 general assessment affect property taxes in Winnipeg?
How is property tax calculated in New Brunswick?
How does my assessed value compare with other properties in Winnipeg?
What is a general assessment in Winnipeg?
Each year, property assessors review the values of the more than 475,000 properties in New Brunswick. The resulting property assessment information tells provincial and local governments how many properties, of what type and value, are within the boundaries of each taxing authority.
