As the City of Winnipeg prepares to mail out property assessment notices for 2024, it's important for property owners and tenants to ensure their property is assessed accurately to avoid overpaying taxes and encountering inconsistencies in their property’s valuation.
How are property assessments calculated?
A property assessment is the process of determining the value of a property. It’s conducted by the City of Winnipeg's Assessment and Taxation Department and is based on factors such as a property's location, size, age, and condition. Once the property assessment is complete, the city uses it to calculate property taxes owed.
Assessments are delivered in advance of the year in which they apply. The City of Winnipeg follows a biannual assessment cycle, which means 2024 is the second year of this current cycle and evaluates properties as of a market valuation date of April 1, 2021.
Property assessment notices for 2024 will be released on June 5, 2023, with an appeal deadline of June 27, 2023.
BDO’s property tax team can help you avoid overpaying taxes
Our property tax consultants can review your property assessment to ensure it is fair and accurate. In the case of discrepancies, we can work with the city to have your assessment adjusted with a view to lowering your property tax burden.
The window between when the time assessment notices are released and the appeal deadline is short—taking action early can help you proactively identify and address any discrepancies or inaccuracies in your property assessment, giving you sufficient time to prepare a strong appeal, if necessary.
Contact our team to review your assessment, ensure its accuracy, and identify ways to reduce your property tax obligation.
Gerry Carr, Director, Property Tax Service Line Leader
Brian Morcombe, Partner, Indirect Tax Practice Leader
The information in this publication is current as of May 10, 2023.
This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact BDO Canada LLP to discuss these matters in the context of your particular circumstances. BDO Canada LLP, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it.