2015 Property Assessments

[townie_80]

We are up $50k. After being up $100k last year (purchased in 2013). We seem to get screwed in every home we live in. So frustrating. We did win a review in 2013 though since they had messed up our sq. footage by 600 sq.ft (they had below ground sq.footage included in the total). Guess that's why they upped it in 2014. To ensure they still get the same from us even after their screw up.

[OMG!WTF!]

Originally Posted by 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.

You (or the contractor/builder) had to estimate the value of the work being done when you got your basement permits from the city. They add that value to your assessment.

[Ducay]

Originally Posted by 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.

Doesn't really show aside from the developed basement Y/N box. Plus, are you arguing you want it higher? I can't think of a positive to having it higher other than re-assuring you of your purchase.

The city's assessments hold as much weight in a purchase/sale deal as a tsetse fly.

[Izzle]

So it looks like my property value fell $13K from last year.

On the Calgary Herald, my Area's 2016 value is virtually the same as the 2015 area value. Does this mean my property taxes will remain the same as it was for 2015?

Thx

[FLAMESRULE]

We're in West Hillhurst, home is down $85K and a condo we rent out in Eau Claire is down $18K.

[llwhiteoutll]

$3k drop from purchase in October of 2014, 0.7% drop

[Bring_Back_Shantz]

Reading this thread is making it abundantly clear how many people really don't understand how property taxes are calculated.

[You Need a Thneed]

Mine is very close to what it was last year. Both are significantly less that what the house would sell for.

It's been quite a few years in a row, and two different houses, every year my house has been assessed for at least 50k less than market value.