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Questions and Answers About Assessment and Taxation Department
How is property assessment used to calculate taxes?
Property assessment is merely a distribution mechanism. The value of a property as a fraction of the total assessed value of all property in the city determines its share of the tax burden.
What is the Mill Rate and how is it determined?
A Mill Rate is a tax rate expressed as mills per dollar. A Mill is one-thousandth of one dollar, or one-tenth of one cent. The Mill Rate is determined by taking the total amount of money that the city needs to collect through property taxes as a fraction of the total portioned assessed value of all properties.
For example, if the City needed to collect $53,000,000 and the total portioned assessed value of all properties in the city was $1,785,000,000 it would produce a mill rate of .02969 or 29.69.
53,000,000 ÷ 1,785,000,000 = .02969 (also known as 29.69 mills)
What is the portioning Rate?
The Portioning Rate is the percentage of the assessed value of your property to which taxation is applied. The Province of Manitoba sets this rate. Currently, the Portioning Rate for residential properties and condominiums is set at 45%.
How does the Mill Rate affect my municipal property taxes?
Your municipal taxes are calculated by multiplying the assessed value of your home by the portioning rate (45%) to arrive at a value to which the mill rate is applied. The examples below are based on homes with assessed values of $75,000, $100,000, $150,000, and $200,000.
| Assessed Value |
$75,000 |
$100,000 |
$150,000 |
$200,000 |
| Portioning Factor |
X 0.45 |
X 0.45 |
X 0.45 |
X 0.45 |
| Taxable Value |
$33,750 |
$45,000 |
$67,500 |
$90,000 |
| Mill Rate |
X .02969 |
X .02969 |
X .02969 |
X .02969 |
| Municipal Taxes |
$1,002.04 |
$1,336.05 |
$2,004.08 |
$2,672.10 |
What about my School Taxes? Are those taxes calculated the same way?
Those taxes are calculated in the same way, but each school division's mill rate is determined by its budgetary requirements.
Last modified:
Friday November 23 2007
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