Winnipeg 2017 Property Tax Assessments are out!
Do you know what to do?
If you own real estate in Winnipeg, you should have received information on your 2017 realty assessments in the mail, as it was sent out on June 2, 2017 to all property owners.
You, as the taxpayer, have until Monday, June 26, 2017 to file an appeal with the City. Meanwhile, payments for your property tax bills are due on or before Friday, June 30, 2017.
The purpose of the assessment is to inform owners the estimated value of their property. This provides the City a basis for how much tax they can charge you. Property owners are provided the statement ahead of time, allowing them to review the assessment and ensure it reflects fair and equitable taxation. Year over year, property owners are faced with incremental hikes to their property tax. This year, we have estimated the average increase in value is approximately 26%. However, as AEC monitors sales and assessment trends regularly, it seems that this increase is not in line with the market. This potentially means that you may be over-assessed and would be paying too much in property taxes.