Quote:
Originally Posted by Slava
I'm going to say my house is average in my community, and certainly not the most expensive. There is a place a few doors down, which is arguably the same in terms of value and its assessment is 35% less than mine. My neighbour on one side is about 10% more than me and on the other is about 23% less. It's completely irrational.
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Check your numbers in the property details are correct, and that is each house owners responsibility. I'm 30K less than my neighbour and we are two sides of a duplex with the exact same floor plan, everything, except for color. I filed a correction on my property details last year, she did not.
It really depends on what the city thinks your property is worth and they don't really go exhaustively into getting things correct, if your builder or the previous owner somehow made a mistake or the renos were done and incorrect details filed with the city, you could be probably paying more than you should be.