General Information
Payment of Taxes
Assessment
Classes and percentage of assessment subject to tax, known as the portioned assessment are as follows:
TAXES | |
Residential (less than 5 dwelling units) | 45% |
Residential (more than 5 dwelling units) | 45% |
Residential (owner occupied condos or co-op housing) | 45% |
Commercial | 65% |
Taxes
City Council annually determines the municipal budget for the coming year. After revenues such as grants from other levels of government and industry and user fees are taken into account, the balance of the budget must come from property taxes. Property taxes are determined using a mill rate. City Council sets the municipal mill rates required to raise the revenue needed to provide for City services. "Mill” means "thousand,” and is the tax rate for every $1,000 of portioned assessment. If the mill rate is 19.630, a property owner pays $19.63 for every $1,000 of the taxable portion of the property’s assessed value.
The School District of Mystery Lake sets its mill rate to cover costs not funded by other revenues. These taxes are collected on behalf of the School District by the City. The Education Support Levy is determined by the Province of Manitoba annually and is levied on commercial properties only. The Education Property Tax Credit Advance (50% of school district taxes in 2024) is applied to any residence that is occupied by the registered owner on January 1 of the year. (An owner can receive the credit on one property in Manitoba only.)
Supplementary tax statements are processed throughout the year to applicable properties. There is a 30-day period to appeal the supplementary assessment following which there are 60 days before the supplementary taxes are due.City of Thompson Mill Rate 2023-2024
Municipal | School District | ESL-Commercial | |
---|---|---|---|
2024 | 26.49 | 20.861 | 8.129 |
2023 | 26.150 | 20.137 | 8.140 |
Business Taxes
Year | Business Tax (%) |
2024 | 3.99 |
2023 | 3.99 |
Special Levy
The 2024 tax bill includes a Special Levy that covers the Storm, Sewer and Water Service Line maintenance fee and is a 5-year levy. The special levy covers service line repairs that are greater than one metre from a residential structure. The 2024 Special Levy amount, based on the actual cost of 2023 repairs, is $91.91 per residential property.