2013 Assessment notices mailed out

[yads]

http://calgary.ctvnews.ca/city-mails...ents-1.1099635

Also accessible at http://calgary.ca/assessmentsearch

2013 Property Assessment Roll:
Based on the market value of property as of July 1, 2012.

Total number of accounts on the 2013 Property Assessment Roll is 466,000.

Total value of the 2013 Property Assessment Roll is 254 billion.

As a result of the 2013 Assessment, the typical residential property assessment change is 3% between 2012 and 2013.

Approximately 95% of residential properties’ revenue neutral taxes will stay within plus or minus 10% of last year’s taxes.

57% of residential properties will see a revenue neutral tax decrease.

43% of residential properties will see a revenue neutral tax increase.

2013 median single residential assessment (excluding condominiums) is 410,000 compared to 400,000 in 2012.

2013 median residential condominium assessment is 250,000 compared to 240,000 in 2012.

[Ironhorse]

I wonder why ours is so much lower than identical houses on the rest of the street, some of which are in poor condition. I suppose lower being lower though is good for taxes, right?

[Huntingwhale]

[Bill Bumface]

Originally Posted by Ironhorse

I wonder why ours is so much lower than identical houses on the rest of the street, some of which are in poor condition. I suppose lower being lower though is good for taxes, right?

Have you renovated since you've moved in? Have the people in the run down houses been there forever?

They only time they really get a good look at what your place is worth and it's interior condition is when it sells. Mine was low when I bought it, then I got nailed when they saw the pictures on the MLS listing as the guy before me did a ton of work to it.

[Ironhorse]

Originally Posted by hulkrogan

Have you renovated since you've moved in? Have the people in the run down houses been there forever?

They only time they really get a good look at what your place is worth and it's interior condition is when it sells. Mine was low when I bought it, then I got nailed when they saw the pictures on the MLS listing as the guy before me did a ton of work to it.

Yeah, we've done a bunch of work in it, and also replaced the roof. Some of the run-down places have been there longer than we have (6+ years)

[yads]

Looks like the NE will likely see significant tax jumps.

http://www.calgaryherald.com/busines...#ixzz2H1Wz8jsJ

The median assessed value of residential properties in communities across nearly the entire northeast will see increases between zero and 10 per cent for 2013.

It’s a significant turnaround for a quadrant that, by and large, saw a zero to negative 10 per cent change last year.

Although it looks like they've developed a serious case of Airdrieitis

“Within an 800-metre walk, no matter where you are, you can be on a train and in 15 minutes be at the Saddledome,” said Kelly Jones of the Martindale community association.

[Hockeyguy15]

Originally Posted by yads

Looks like the NE will likely see significant tax jumps.

http://www.calgaryherald.com/busines...#ixzz2H1Wz8jsJ



Although it looks like they've developed a serious case of Airdrieitis

You forgot the best part of his quote.

"The problem we are seeing is that once people get on the train and leave the community none of them want to come back."

[trumpethead]

Originally Posted by yads

Looks like the NE will likely see significant tax jumps.

We should use that money and buy a pile of Calgary flames keno tickets with it

[moncton golden flames]

i live inner city northeast and my tax assessment went up just over 2%.

[yads]

Originally Posted by moncton golden flames

i live inner city northeast and my tax assessment went up just over 2%.

Probably means your revenue neutral taxes should go down. Although there is the 5.5% tax hike that's coming so you're unlikely to escape a modest increase.

[Kavvy]

Originally Posted by yads

Probably means your revenue neutral taxes should go down.

What does this mean? How does your assessment go up but "revenue neutral tax" go down?

Thank you!

[albertGQ]

Is the website updated to show what our home is assessed this year or does it still show last year's assessment? (I can't remember what my assessment was last year so I have no idea if my assessment is for this year or not)

[nik-]

Originally Posted by albertGQ

Is the website updated to show what our home is assessed this year or does it still show last year's assessment? (I can't remember what my assessment was last year so I have no idea if my assessment is for this year or not)

it's the new one

"Your property assessment is based on The City of Calgary's estimate of the market value for your property on July 1, 2012 and characteristics and physical condition on December 31, 2012."


Additionally, I can't, for the life of me, remember what I was last year, but I think I went up.

[yads]

Originally Posted by Kavy

What does this mean? How does your assessment go up but "revenue neutral tax" go down?

Thank you!

It's because it's not a flat rate, but based on the city budget divided by the total property values in the City. So if your assessment went up, but not as much as the total property values in the City went up, your taxes should actually go down.

E.g. your house is worth $200K, the total properties are worth $200 billion, and budget is $2 billion. That means the mill rate is $2 billion/$200 billion = 1% and your property taxes would be $200K * 1% = $2K.

Now let's say the following year your house went up by 5% or $10K and is now worth $210K, however the total properties in the city went up by 10% or $20 billion and are now $220 billion. If the budget stays at $2 billion, the mill rate would be $2 billion/$220 billion = 0.91%. So your taxes would be $210K * 0.91% = $1911.

[Wormius]

Is there an assessment history available for Calgary?

[FlamesKickAss]

mine went up about 2.8% in Killarney. Purchased the house a year and a half ago for about 80,000 less

[AMG_G]

mine went up 10% in Westsprings. Purchased the house 10 years ago for about 375, 000 less

[Sr. Mints]

15% jump in Spruce Cliff.

Incidentally, my parking spaces never increase or decrease in value. Is that always the case? The thought came to mind, since I suspect the big jump in value came from the WLRT becoming operational, and parking was already very limited around my building before that . . .

[You Need a Thneed]

Overall, I'm saving $1.04 in property tax this year!

[Clarkey]

Mine is about 100k too high, have any of you guys had luck contesting the values?