2013 Property Assessment

[Clever]

Site is still down, but it should be live soon:

https://assessmentsearch.calgary.ca/Search.aspx


My property tax was taken out today and it went up a bit so hopefully assessment went up, then again I'm just assuming. I'll update with actual numbers when the link goes live.

[ercchry]

i think mine dropped, due to what my last tipp payment was. but they also screwed it up last year and i paid it all over 9 months instead of 12

[max_boost]

$664K up 5.4% from last year. :bigpimp:

[ercchry]

fuuuu

rental went from $435k to $429k

... primary went from $300k... to $418.5k :barf:

[Clever]

Condo and single home in Evergreen went up, Shawnessy condo is down by $10-12k. I have to look at last years numbers to know by how much for the Evergreen properties.

[Sugarphreak]

...

[Xtrema]

TIL, there is now a Hong Kong Rd S.W. in Calgary.

[ercchry]

Originally posted by Sugarphreak


^^ How the hell did you manage that?

cause i just bought it. last sale was 10+ years ago... its really interesting actually checking up some inner city properties assessments. like scarboro. land value in there starts at $500k... yet many homes are under $300k according to the city

[Sugarphreak]

...

[benyl]

Anyone know the current tax rate?

[benyl]

Originally posted by Sugarphreak
If I want the city to raise my property value (I am listing later this year, and my house has a ton of renovation work which didn't require permits)... do I just file a complaint?

Yes, but why would the buyer want that? You have to pay more tax!

I found out over christmas that I know someone who works in the assessment department.

It's all calculated with some complex formula. You can complain. I am sure the City will be happy to take your money and the buyer's money for years to come.

Saw your house the other day. Coming along nicely. Where is the build thread?

[Sugarphreak]

...

[ercchry]

no one cares about the assessments though. they mean nothing

[JordanLotoski]

My lot whent from 535,000 to 822,000:eek:

[ercchry]

wait till next year... i looked at my uncle's now that the renos are done... a hair over $2mm :eek:

[cet]

Ugh, mine went up by $72,000, thats an increase of almost 10%

[canadian_hustla]

Tuscany - mine went down by $3k.

[black_2.5RS]

Aspen woods, assessment went up $30k but the amount that was debited from my account was less by $30.

[guessboi]

DT Condo went down 1K
House up 15K.

:bigpimp:

[ExtraSlow]

I don't remember what mine was last year, and I don't get too worried about it year to year. My house is worth a lot more than I owe on it, and I still owe a lot, so that's all that matters.

[nzwasp]

Originally posted by black_2.5RS
Aspen woods, assessment went up $30k but the amount that was debited from my account was less by $30.

Are you on TIPPS? Im fairly sure they don't change the Tipps amount until start of July.

[Perfect Dark]

Up 8% in Panorama Hills, not sure if the finished basement was calculated in yet or not.

[Xtrema]

Originally posted by black_2.5RS
Aspen woods, assessment went up $30k but the amount that was debited from my account was less by $30.

I had a re-adjustment letter 2 months back saying they charged too much. I pay ~ $30 less for that last 2 payments.

Everything I own is up ~3% on assessment, along with 5% increase by the city and whatever the province decided to screw us out of, I'm sure the final tax increase should be in the 7-8% range.

[Cos]

.

[mrsingh]

Kincora, up $18k from last year, but still down ~$15k from the year before that! Now if only I could actually sell my house for the assessed price! Lol

[SilverGS]

Originally posted by nzwasp


Are you on TIPPS? Im fairly sure they don't change the Tipps amount until start of July.

No they recalculate potentially several times a year. May when your actual property taxes are known and at the end of the year.

[Tik-Tok]

Fairview + 5.5%

[Z_Fan]

McKenzie Towne -1.01%
Cranston +1.03%

[Mitsu3000gt]

Downtown, up 12%/$36K.

Monthly TIPP payments went down.

[eglove]

down $9,000 from last year :(

[fayzed]

Huntington +2.5%

[jdmXSI]

Down 2 years in a row now... Nice for taxes, shitty if we have to sell.

[masoncgy]

^ Why? Tax assessments and actual market value are two different things.

[jdmXSI]

Originally posted by masoncgy
^ Why? Tax assessments and actual market value are two different things.

Yea I know but sometimes when people are looking to deal, they will use any anlge possible to justify their pricing. That's all and I do know that it doesnt hold much weight.

[Kloubek]

Originally posted by mrsingh
Kincora, up $18k from last year, but still down ~$15k from the year before that! Now if only I could actually sell my house for the assessed price! Lol
Also in Kincora. Up only 5k.

[-=MJ=-]

Brentwood. was 440 000 in 2012, my 2013 is now 521 000. I hope that's not just the increase in area, and the renos were taken into account...

[Jeeper1986]

auburn bay +89k

[hampstor]

Kincora, down 20k.

[JordanLotoski]

Originally posted by masoncgy
^ Why? Tax assessments and actual market value are two different things.

Agreed, I dont look at Tax assessment at all when pricing a home.

For those whos assessments dropped:thumbsup:

[Frankie88]

Mine is down 20k in sherwood. My 2 downtown condos are almost based on purchase price since it's new when i bought them.

But tax assessment is only based on pricing comparisions on around last Just 31st in the neighbourhood, not related to current market value, so I am happy to see price reduce.

[GoChris]

Originally posted by Z_Fan
Cranston +1.03%

Same, what a surprise.

I'll have to pay a big $7.54 increase in my taxes this year.

[JudasJimmy]

+1% Royal Oak
+1% Westsprings

[superflychief]

25000 up in Copperfield

[R-Audi]

Up by ~$55k this year in Windsor Park... TIPP doesnt go up by that much fortunately.

[JustinMCS]

My inner city condo went up 5k, but since the tax is down, only 20 bucks more property tax this year.

[Tik-Tok]

Originally posted by GoChris


I'll have to pay a big $7.54 increase in my taxes this year.


Originally posted by JustinMCS
My inner city condo went up 5k, but since the tax is down, only 20 bucks more property tax this year.

We go through this every year. The city hasn't come out with a tax rate yet. There's no way to know what your increase will be, that information isn't on your Tax ASSESSMENT.

[benyl]

I wish my assessment would go down... who wants to pay tax!

[JustinMCS]

Originally posted by Tik-Tok




We go through this every year. The city hasn't come out with a tax rate yet. There's no way to know what your increase will be, that information isn't on your Tax ASSESSMENT.

What? It shows the value from this year to last, and how much it will be this year for property tax, and the rate or scale or whatever of .61 last year and .59 this year.

[Proyecto2000]

Originally posted by JordanLotoski


Agreed, I dont look at Tax assessment at all when pricing a home.

For those whos assessments dropped:thumbsup:

My brand new house is assessed at $278k, it cost me $360k to build it and to build my exact house down the road on phase 2 is now $390k

[kenny]

Originally posted by Proyecto2000


My brand new house is assessed at $278k, it cost me $360k to build it and to build my exact house down the road on phase 2 is now $390k

Brand new? When was it completed? The assessment values are calculated based on how the property stood last July.

My first year property taxes were based on lot only although it doesn't look like that's the case for you.

[ercchry]

Originally posted by kenny


Brand new? When was it completed? The assessment values are calculated based on how the property stood last July.

My first year property taxes were based on lot only although it doesn't look like that's the case for you.

my place use to be in line with the rest of the homes on my street, now its not. no one near me has bought or sold for a long while. i purchased it in late october and my home was the only one to shoot up in value

[kenny]

Originally posted by JustinMCS


What? It shows the value from this year to last, and how much it will be this year for property tax, and the rate or scale or whatever of .61 last year and .59 this year.

The notice you receive is a revenue neutral value which shows you how your reassessment has affected the property taxes you owe. It does not take into account the property tax rate increase, just the reassessed property value.

An example:
2012 Assessment: $450,000
2013 Assessment: $460,000

2012 Property Tax would have been: $2774.61
2013 Revenue Neutral Tax: $2756.73 <-- the assessment notice you got would provide this number

There is a 5.5% property tax hike for this year so...

2013 Estimated Property Tax: $2908.35

[benyl]

Originally posted by Proyecto2000


My brand new house is assessed at $278k, it cost me $360k to build it and to build my exact house down the road on phase 2 is now $390k

Prepare for an amendment. I would prepay your taxes if you are on TIPP by adding a bit more every Month.

I didn't. When I got the amendment, I was paying $1500 / month for the last few months of 2012.

[Go4Long]

Same thing with ours. Our original assessment last year was for $215'000, then they reassessed mid year for $422'000, this years was $478'000 ouch...we back on to a park, the houses across the street from us are like $100'000 less according to their valuation :dunno: