Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Property assessment value for tax purposes... voodoo magic or scientific analysis?

Rerun · 06-16-2010, 03:29 PM

Now that the appeal process is over and all the final assessed values are in, I thought I would check out the 2010 (actually July 2009) assessed values of the homes on my cul-de-sac here in Okotoks.

The town of Okotoks states that the assessment change for a single family detached residential dwelling in Okotoks is -14%.

According to the town's assessment map, the area where I live had assessment changes between -10% and -15%. There are 11 houses on my cul-de-sac.

The change is assessed value of these houses are as follows:

House #1: -5.74%
House #2: -3.64%
House #3: -16.8% (This is my house. Originally my assessed value only dropped 2.81%. I complained and they dropped it to 16.8%)
House #4: -11.23%
House #5: -21.50%
House #6: -1.66%
House #7: -0.30%
House #8: -2.31%
House #9: -21.56%
House #10: -7.70%
House #11: -15.01%

I mean WTF? A range of 0.3% to 21.56%?

These are all nice houses approximately 4 to 7 years old. with an average current assessed value of $515,000. All the properties are well maintained and no significant changes have been made to any of the properties.

I figure that those with double digit drops in the assessed values appealed the original assessment which came out in March 2010 and all the others didn't.

Maybe I'm wrong, but I feel there in no way should be a 21% difference in the drop in value between two houses on the same cul-de-sac.

06-16-2010, 03:29 PM	#1
Rerun Often Thinks About Pickles Join Date: Jan 2007 Location: Okotoks Exp:	Property assessment value for tax purposes... voodoo magic or scientific analysis? Now that the appeal process is over and all the final assessed values are in, I thought I would check out the 2010 (actually July 2009) assessed values of the homes on my cul-de-sac here in Okotoks. The town of Okotoks states that the assessment change for a single family detached residential dwelling in Okotoks is -14%. According to the town's assessment map, the area where I live had assessment changes between -10% and -15%. There are 11 houses on my cul-de-sac. The change is assessed value of these houses are as follows: House #1: -5.74% House #2: -3.64% House #3: -16.8% (This is my house. Originally my assessed value only dropped 2.81%. I complained and they dropped it to 16.8%) House #4: -11.23% House #5: -21.50% House #6: -1.66% House #7: -0.30% House #8: -2.31% House #9: -21.56% House #10: -7.70% House #11: -15.01% I mean WTF? A range of 0.3% to 21.56%? These are all nice houses approximately 4 to 7 years old. with an average current assessed value of $515,000. All the properties are well maintained and no significant changes have been made to any of the properties. I figure that those with double digit drops in the assessed values appealed the original assessment which came out in March 2010 and all the others didn't. Maybe I'm wrong, but I feel there in no way should be a 21% difference in the drop in value between two houses on the same cul-de-sac.