Higher assessment doesn’t necessarily mean you’ll pay higher property taxes.
On average, the assessed value of residential properties in Winnipeg shot up 78 per cent from the last assessment period, according to the city’s assessment and taxation department.
While the increase officially gives you a clear picture of the wealth you may have already known you were sitting on for the past few years, it may also have implications for your tax bill.
But it doesn’t necessarily mean an increase in your property taxes, says the city’s assessment and taxation department’s director, Nelson Karpa. Continue reading
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