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Business Annual Rental Value (ARV) Board of Revision
Your Assessment
The Municipal Assessment Act provides the years that all businesses in the City of Winnipeg are reassessed utilizing an updated reference date. A business assessment is the City's estimate of the annual rental value of a roll number as of a specific date. The Provincial Municipal Assessment Act requires the City to assess all businesses in Winnipeg so it can fairly and equitably divide the business tax it must raise. The Assessment and Taxation Department's objective is to ensure equity by valuing all similar businesses in the same way so each business owner pays a fair share of the business tax.
The Annual Rental Value, or ARV, reflects the typical market rents for commercial space similar to your premises in the reference year or at the reference date. ARV is not necessarily the rent paid, but it is representative of the market rents. ARV is equal to the net rent per square foot as determined by the market, plus comfortable costs to occupy, multiplied by the area or square footage of the premises leased or occupied. Comfortable costs to occupy space consist of utility costs, including lighting, heat, water, and common area charges where applicable.
In a year of reassessment (years 2023 and 2025 for example) all business owners will receive an Assessment Notice. In the intervening years, Assessment Notices are only sent out for businesses that have undergone a change (ownership, improvement, addition, etc.) and have been reassessed accordingly.
It is important to note that the property owners may file an application for revision along with the appropriate non-refundable filing fee for any year within the time frame allowed for filing an application for revision as is legislated by the Provincial Municipal Assessment Act and as is advertised by the Board of Revision.
If you think your assessment is incorrect, or if you have any questions, please contact 311 to communicate with the Assessment and Taxation Department.
You may file an application for revision along with the appropriate non-refundable filing fee, with the Board of Revision as outlined in your Assessment Notice.