2016 Property Assessments Issued
The 2016 Property Assessment roll is complete. Every property owner in Winnipeg will receive a 2016 Property Assessment Notice in June, 2015 and the deadline for filing an application for revision with the Board of Revision is June 25, 2015. If you wish to file an application for revision you can either submit an application on-line or download an application for revision form on the Board of Revision website.
Below are some commonly asked questions regarding the assessments:
Q: What is the Reference Date?
A: The 2016 General Assessment is based on a reference date of April 1, 2014. This means that the values the City has produced for the 2016 General Assessment are based on the value as if the property were sold on April 1, 2014. The 2016 values update existing values which were based on a April 1, 2012 reference date.
Q: What was the average assessment increase?
A: The average city-wide assessment increase for all properties is about 10%. While this is the average increase, the real estate market will have affected each property differently, with some properties increasing in value above, at or below the 10% city-wide average.
Q: When will property taxes be based on these new assessment values?
A: The 2016 General Assessment roll will not be used for taxation purposes until 2016.
Q: How will this new assessment impact my property taxes?
A: It is too soon to determine the impact on property taxes. Winnipeg City Council, the various school divisions, and the Province of Manitoba (Education Support Levy) must first set their respective 2016 budgets and corresponding tax rates. It is important to remember that an increase in the market value of a specific property does not necessarily result in a proportionate increase in the level of property taxes.
Q: What if I disagree with this new assessment value?
A: Property owners may file an appeal with the Board of Revision. The deadline for filing an appeal is June 25, 2015. Please note the following:
- The appeal deadline is 20 days from the mail date which is set by the Board of Revision.
- The Board of Revision does not have a limit on the number of appeals that they accept that are filed on or before the June 25, 2015 deadline. The Board accepts paper and on-line appeal applications.
- If a property owner is out of town and misses the appeal deadline, they will not be able to file an appeal until the following year. A public notice appears in both daily newspapers to remind property owners of this important deadline.
The following link is to the Board of Revision website that contains some FAQs: http://winnipeg.ca/clerks/boardofrevision/faqs.stm
Additional information on filing an appeal can be found at the Board of Revision website: http://winnipeg.ca/clerks/TOC/boardofrevision.stm
Q: Where can property owners obtain additional information?
A: Additional information on the 2016 General Assessment can be found at the City website:
Twitter short link: http://janicelukes.ca/?p=2241