RM of Macdonald

WHO DETERMINES THE ASSESSED VALUE OF PROPERTIES IN MANITOBA?

• The Province of Manitoba through Assessment Services is responsible for all real and personal property assessments in the province, excluding property in the City of Winnipeg.  The City of Winnipeg is responsible for property assessment services in Winnipeg.  Property in Manitoba is grouped into 10 property classes on the basis of use, and a portion of the assessment is taxed.  Property classes and the portion of assessment that is taxed is established by the Province of Manitoba regulation under The Municipal Assessment Act.

HOW ARE ASSESSMENTS DETERMINED?

•  In Manitoba, according to The Municipal Assessment Act established by the Province of Manitoba property is assessed at market value.  Market value is the most probable selling price of the property had it been sold by a willing seller to a willing buyer.  Regular reassessments, done every 2 years, ensure the property assessments keep pace with real estate market conditions, and taxes are distributed fairly to property owners.
• Assessment notices are prepared by Provincial Assessment Services in the fall of each year for the following taxation year.  The values are based on market values from 2 years prior.
• On new construction assessment services may physically inspect the property and if buildings are removed, a demolition permit should be obtained from the Portage La Prairie Planning District (at no charge) and the assessment branch will be notified in order to remove this assessment.