2015 Property Assessments

[Clarkey]

I've challenged 3 times now, 2 verbally over the phone and 1 in person (friggin 4 person board tribunal that probably cost the City $1000). My property evaluation is out of whack by $100-150k for the last 3-4 years. If I had easy access to the sales data for the last year and a spreadsheet with the valuations for my neighbourhood I could easily pull a Freakonomics and prove that they are over valued by 15-25% in my entire neighbourhood. Looking at the valuations of a few other estate areas I can tell they are under by at least that amount. I am getting sick of the run around and might just put the data together and go to the media this year if they don't move mine down by the proper amount.

[#-3]

I can't remember mine old one its down between 20k and 40k

[Lubicon]

Down $1000 from last year so essentially unchanged.

[BigNumbers]

Originally Posted by Clarkey

I've challenged 3 times now, 2 verbally over the phone and 1 in person (friggin 4 person board tribunal that probably cost the City $1000). My property evaluation is out of whack by $100-150k for the last 3-4 years. If I had easy access to the sales data for the last year and a spreadsheet with the valuations for my neighbourhood I could easily pull a Freakonomics and prove that they are over valued by 15-25% in my entire neighbourhood. Looking at the valuations of a few other estate areas I can tell they are under by at least that amount. I am getting sick of the run around and might just put the data together and go to the media this year if they don't move mine down by the proper amount.

$100K x 2015 mill rate of 0.0035409 = $350 a year... You literally went to a tribunal for $350?! and are planning to go to the media for $350...

What you described is exactly what the assessors do - pull MLS transactions and then apply them... So you'd end up with the same rough figures. If your house is significantly crappier than some neighbours, your assessment may have been brought up by community value.

[Bill Bumface]

We did an addition to our house this year that added about 30% to the size of the house. It looks like our increase in value is just over 50% of what we paid

Not surprising from running the numbers beforehand, but still kind of depressing. Those home flipping shows can shove it.

[darklord700]

Originally Posted by BigNumbers

$100K x 2015 mill rate of 0.0035409 = $350 a year... You literally went to a tribunal for $350?! and are planning to go to the media for $350...

It's not just $350 but $350 or so every year. That's why people fight these things.

[Bill Bumface]

[squiggs96]

Originally Posted by darklord700

It's not just $350 but $350 or so every year. That's why people fight these things.

First they came for the Socialists, and I did not speak out—
Because I was not a Socialist.
Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out—
Because I was not a Jew.
Then they came for my property taxes—and there was no one left to speak for me

[BlackArcher101]

So when you get the sales reports from the city site, they have listed a "Sale Price" and an "Adjusted Sale Price". The adjusted prices appear to fall in line with the assessment values.

What is this adjusted sale price and how do they determine it? They all seem to vary, with some below the actual sale price, some matching and some above.

[AC]

Originally Posted by BlackArcher101

So when you get the sales reports from the city site, they have listed a "Sale Price" and an "Adjusted Sale Price". The adjusted prices appear to fall in line with the assessment values.

What is this adjusted sale price and how do they determine it? They all seem to vary, with some below the actual sale price, some matching and some above.

Depends on each house. Adjusting for finished basements, lack or presence of a garage, 1 car vs 2 car garage, square footage, lot size, etc.

[MacDaddy77]

Originally Posted by afc wimbledon

I didn't do #### to earn it and I fully expect to lose 40% of it at some point in the next few years so I ain't bragging.

I am seriously thinking about retiring to Halfax though, my kids out there at school, I could bank 900,000 buy a nice little bit of waterfront half an hour out of town and have a pretty sweet life exploring the east coast, weekends in New York or Montreal.

Never considered it before but it's bloody tempting now, well except the Halifax bit.

Halifax is a great city albeit small. the maritimes would be a great place to retire to so long as you have means to get away for the winter.

ideal scenario would be to have enough for a place outside Halifax and perhaps a condo in florida or something to winter in.

i have ocean/beach front property on PEI and the only thing that keeps me from considering this is that my family lives there

[MacDaddy77]

We bought our current home in September, how do I find out the change from last year?

[troutman]

Explore the map below to see the median value of homes in your neighbourhood, based on the 2016 property assessment values released by the City of Calgary this week. The darker the colour, the higher the property value.

http://calgaryherald.com/news/local-...-neighbourhood

Location, location, location

[chemgear]

So if your assessment decreases at a faster (or slower) pace than the rest of the city, the less (or more) you'll pay proportionally versus everybody else?

[Fuzz]

If you create an account you can get more info. At the bottom of the assessment page you can see previous year value.

[Fuzz]

Originally Posted by BlackArcher101

So when you get the sales reports from the city site, they have listed a "Sale Price" and an "Adjusted Sale Price". The adjusted prices appear to fall in line with the assessment values.

What is this adjusted sale price and how do they determine it? They all seem to vary, with some below the actual sale price, some matching and some above.

Adjusted Sale Price Sales prices that have been adjusted to reflect the difference in market conditions from the sale date to the valuation date.

So I would assume if the market has gone down in that neighbourhood, the adjusted price would be lowered to match other sales at assessment date.

[Cappy]

Originally Posted by afc wimbledon

I'm now officially a millionaire!

Most statistics do not include property value of their primary residence when analyzing millionaires.

Sorry to burst your bubble.

Mine is down about 20-35 K. Down 100K since i bought :-(

[Roast Beef]

Down 20,000 from last year.

[eddly]

Down 56K. Purchased back in July 2014 (new build), took possession July 2015. Bad timing on my part.

I also had the basement finished professionally... would that be taken into consideration? Not sure how it would be.

[Fuzz]

It will say on your assessment if there are basement improvements. You may need to use the online service to check.