WINNIPEG — The City of Winnipeg has sent out its second batch of property reassessment letters to Winnipeg homeowners, notifying them about the 2012 property values city assessors are thinking about assigning to their homes.
Every two years, the city reassesses the value of residential and commercial properties. It used to do this once every four years, but increased the frequency to ensure assessed values are closer in line with market values.
What is your opinion of your city tax assessment?
The city conducted a preliminary reassessment of all residential properties as of April 1, 2010. On that date, residential properties in Winnipeg increased by an average of 12 to 15 per cent over the same date in 2008, city assessor Nelson Karpa said.
But not all properties increased at the same rate. The city began mailing out reassessment notices in November, when 70,000 Winnipeg homeowners received their preliminary notices.
Another 62,000 homes were notified today. The final 76,000 homeowners will be notified in February.
All homeowners will be given a chance to discuss their preliminary reassessments at meetings with city assessment staff, who have the authority to change the assessments on the spot. The next round of meetings is slated for Waverley Heights Community Club on Jan. 24-27. Walk-ins are welcome, but you may also call 311 to set up a 15-minute appointment.
The city plans to mail out final reassessment notices in June. The appeal process will begin after that, Karpa said.
But simply winding up with a higher property assessment does not mean you will pay more taxes in 2012. Generally speaking, you only pay more property taxes if your assessment exceeds the city-wide average, which also includes commercial property assessments.
The city has yet to conduct its commercial property reassessments for 2012.
The other factor influencing tax increases is city council, which could vote to increase property taxes this year and in 2012. But council has not made such a move since 1997.
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