Manitoba, Canada Property Reassessment Alert

Written by: Evan Prendergast

A reassessment is a periodic revaluation of a property assessment for taxation purposes, and in the Province of Manitoba, a reassessment occurs once every two years. 2023 will be the first year of Manitoba’s next biannual assessment cycle, which will update market value assessments from a valuation date of April 1^st, 2018, to a valuation date of April 1^st, 2021.

There are two assessing authorities in the Province of Manitoba:

• Manitoba Assessment develops and regulates the assessments of all properties located outside the City of Winnipeg.
• Winnipeg Assessment develops and regulates the assessments of all properties located inside the City of Winnipeg.

Both Assessing Authorities will begin issuing 2023 reassessment notices for all properties this year:

• Manitoba Assessment staggers the release of its notices based on a property’s municipal location between the months of May and June, with 2023 Assessment appeal deadlines occurring between the months of August and November.
• Winnipeg Assessment will issue all notices by June 4^th, with a 2023 Assessment appeal deadline of 4:30 pm CT on June 28^th.

A lot has changed in the Province of Manitoba in terms of construction costs and market sales data between the last valuation date of April 1^st, 2018, and the new valuation date of April 1^st, 2021. If you are a property owner or tenant, you should consider having your new property reassessment reviewed by a tax professional.

For more information about the Manitoba Assessment Cycle and Appeal process, contact one of our tax professionals to discuss your needs.