Do you own a residential property in Winnipeg? If so, expect to get a letter outlining your property’s assessed value for 2027 in your mailbox soon. This is part of the 2027 Residential Preview Program.
How was my proposed assessed value determined?
The assessed value listed in your letter is an estimate of your property’s market value as of April 1, 2025. The market value is the likely selling price to a buyer if you were to put your home on the market for sale. Your property’s current characteristics and its physical condition are considered.
If you’re interested in what properties in your area sold for last year, you can check out the residential sale information. You can also use our Property Assessment Search to find assessed values of properties in Winnipeg. You can search by either address or roll number.
Why is this being done now?
We’re required by the Province of Manitoba to reassess property values every two years. We do this to make sure values align with current market conditions.
The preview letters sent out this month are not tax bills. We’re sending these letters out now, so you have time to review, compare, and contact us with any questions in advance of us finalizing the values for your 2027 property tax bill.
What impact will this have on my property taxes?
It’s important to remember an increase in your property’s value does not necessarily mean an equivalent increase to your property taxes. Changes to your property taxes depend on the follow:
- 2027 property tax rates and frontage levies
- 2027 property tax rates and frontage levies will be set in the 2027 budget
- How your assessed value compares with other properties
- The increase in your property’s assessed value compared to all properties in Winnipeg will affect how much your property taxes may increase
- If your property increase is below the city-wide average, your tax bill will likely increase at a lower-than-announced rate
- If your property increase is equal to the city-wide average, your tax bill will likely increase equal to the announced rate
- If your property increase is higher than the city-wide average, your tax bill will likely increase at a higher-than-announced rate
For an example of how this works, check out the information we have on the previous reassessment done back in 2025.
What if I want to discuss my proposed assessed value?
We’re available to discuss any questions or concerns about your proposed assessed value. Property owners can book a telephone appointment to speak to someone in our Assessment and Taxation Department.
Appointments are available during the day and evenings until April 17. Each time slot is 15 minutes.
We’ve put together some information to help you prepare for your appointment.
Final 2027 property assessments will be available online May 11. We will mail them to all property owners on June 4.
If you have any questions when you receive your final assessment, you’ll have to contact 311 to arrange to speak to our assessment staff.
Property owners can also file a formal review of the 2027 assessment through the Board of Revision. That can only be done June 4 – June 29.