Winnipeg, MB – Reassessed property values for 2027 are on their way to approximately 243,200 Winnipeg property owners.
Under provincial legislation, we update property assessments every two years to reflect changes in the real estate market. The last update was in 2025. The 2027 General Assessment is based on market conditions from April 1, 2025.
Property assessments are not a tax bill. They have no impact on the 2026 tax bills residents have already received. They will, however, impact 2027 tax bills.
But it’s important to remember an increase in a property’s value does not mean an equivalent increase to property taxes. We use assessed values to help determine how next year’s property taxes will be distributed to each individual property. The impact of reassessed values on 2027 individual property taxes will depend on:
- Council approval of the 2027 operating budget and property tax rates
- How the assessed value increase compares with the average increase of all properties in Winnipeg
- If an assessed value increase is lower than the city-wide average and tax rates increase, the tax bill will likely increase at a lower-than-approved rate
- If an assessed value increase is equal to the city-wide average and tax rates increase, the tax bill will likely increase equal to the approved rate
- If an assessed value increase is higher than the city-wide average and tax rates increase, the tax bill will likely increase at a higher-than-approved rate
We expect to know citywide average assessed value increases in the first quarter of 2027.
For more information, please see: winnipeg.ca/2027reassessment