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Property values may rise with the reassessment coming in 2018, your taxes may not.

Starting next year, property values will be updated from 2014 market values to the most recent assessments completed in 2016.

However, Winkler Mayor Martin Harder notes increased assessment does not necessarily mean tax increases, but simply provide a framework for distributing taxes.

"The assessment doesn't change the tax bill, the mill rate does," he says.

When the assessment rises, the mill rate has historically dropped to meet the city budget.

Properties with above average growth, however, may see a change.

"If your taxes go up, higher than your neighbour, that's a problem."

Overall, the Province's taxable assessment grew by $4.2 billion to $78.4 billion (six percent).

In Winkler the total taxable assessment likewise grew by six percent from $650 million to $692 million.

"The city is going to continue to grow," Harder says, adding the latest inclusion of a high speed Internet fiber optics network will create new opportunities.

The Single Family Residential sector grew by 6.8 percent, while the Apartment sector grew by 4.4 percent in Winkler.

The Condo market grew by 9.8 percent and the Commercial/industrial grew by 5.7 percent.

Meanwhile the agriculture assessment grew by 17.8 percent.

That overall growth means, for the municipal and school taxes in 2018, Single Family Residential property owners would likely see a 1.1 percent increase on that portion of the tax bill, while apartment owners would see a 1.2 percent decrease.

Condo owners could expect a 4 percent increase, while Commercial/Industrial property owners may see a 1.4 percent decrease.

Farm owners, however, could see an 11.5 percent increase.

While the province of Manitoba currently offers a rebate on farmland school taxes, the maximum is $5,000 per taxpayer.

Keystone Agricultural Producers president Dan Mazier has said they have long worked to have school taxes removed from farmland completely, as he believes it's unfair to the farmer.

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