Winnipeg mailing proposed assessed property values

Winnipeg City Hall is pictured in December 2024. (File Image)

The City of Winnipeg is mailing out its 2027 proposed assessed property values to more than 200,000 residential properties.

The city made the announcement on Friday, saying its part of the 2027 residential preview program, which runs until April 10.

Winnipeg adds that it reassesses property values every two years, noting that the 2027 assessments reflect market conditions as of April 1, 2025.

The city emphasizes the preview letter is not a tax bill, but rather an opportunity for property owners to review the assessment in advance of the finalized values that will be used to determine 2027 property tax bills.

“We know that affordability is top of mind for Winnipeggers, and we are committed to ensuring our city remains an affordable place to live and raise a family,” said Mayor Scott Gillingham in a news release.

“As we update these values to reflect the market, we are proud that Winnipeg continues to maintain the lowest municipal property taxes of any major city in Canada.”

Winnipeg notes that an increase in property value does not mean an equivalent increase to property taxes.

Changes to 2027 property taxes will depend on property tax rates and how the assessed value compares to the average increase of all properties in the city.

Winnipeg confirmed the final assessed property values will be available online on May 11 and mailed on June 4.

Correction: A previous story that aired on CTV News did not indicate that these are proposed values. The final assessments will be available in the spring.