Quote:
Originally Posted by Weitz
My previous assessment value was above what houses were selling for. Over the year it seemed prices had stabilized. This year we’re up just shy of $100,000. Seems artificial to me. My neighbors houses were assessed similarly.
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Arbitrary might be better. The formula spits out a number. 100k seems pretty typical for the real estate market in Calgary this past year. You probably live in a little above the median value home.
Do you think your neighborhood for some reason went up less than the rest of Calgary?
There is a process if you want to contest the assessment which if you are really out of whack with sale prices you can go through. I’ve never done it though.