Property taxes are calculated in Winnipeg by applying municipal and school mill rates against the portioned assessment of an individual’s property. For calculating taxes, one mill represents one dollar of taxes for every $1,000 of portioned assessment. One mill is equivalent to 0.1% property tax rate.
Municipal mill rates are set by the City of Winnipeg, while the provincial government will establish a Provincial Education mill rate, and school divisions setting a final mill rate.
Click here to search Winnipeg business assessment rates by specific address.
Some Winnipeg neighbourhoods fall into Business Improvement Zones.
There are currently
16 BIZ Zones in Winnipeg, whose mandate is to attract new business and economic development to the area, as well as lobby on behalf of their member organizations. If applicable, a business improvement zone (BIZ) levy is also applied against the annual rental value. Click here to view a list of current BIZ levy rates.
Gross Tax Rate Calculation Example
Portioned Assessment x
|
1,000 (Municipal Mill Rate)
|
= Municipal Taxes
|
Portioned Assessment x
|
1,000 (Provincial Education Mill Rate)
|
+
= Provincial Education Taxes
|
Portioned Assessment x
|
1,000 (School Division Mill Rate)
|
+
= School Division Taxes
|
|
|
+ Local Improvements
|
|
|
= Total Current Taxes (Gross)
|