Winnipeg, MB - The City of Winnipeg 2018 General Assessment for property owners is currently underway. Properties in Winnipeg are assessed every two years to ensure assessment values keep pace with changing values in the real estate market.
The last General Assessment occurred in 2016 and updated market values to an April 1, 2014 reference date. The 2018 General Assessment will update market values to an April 1, 2016 reference date.
The average assessment increase for residential properties ranges between 1% and 5%.
“It is important to remember that an assessment value change does not necessarily mean a similar change in property taxes,” stated Mel Chambers, Director of Assessment and Taxation.
The change in the overall assessment roll (including all property types) due to the 2018 General Assessment cannot be calculated at this time as non-residential properties have not yet been valued.
Residential property owners in Winnipeg will receive a preview letter about the 2018 General Assessment by mail over the next few months, and can also access additional assessment information through the City of Winnipeg website.
As with past General Assessments, the Assessment and Taxation Department is inviting residential property owners to speak with departmental staff about their proposed 2018 market values through the Residential Review Appointment Program.
The Residential Review Appointment Program will function much like past General Assessment Open Houses with the continuation of a “by appointment” feature. Program details such as dates, times, locations and how to make an appointment will be included with each property owner’s personalized preview letter.
The Assessment and Taxation Department is responsible for conducting a General Assessment of all property in the City of Winnipeg. This includes the valuation and classification of all Winnipeg homes and properties - both residential and commercial - in order to ensure fair distribution of taxes.
For more information on the Assessment and Taxation Department, as well as the 2018 General Assessment, visit assessment.winnipeg.ca