2018 City Property Tax Assessments are out

[roopi]

Mailed out today and also available online: https://assessmentsearch.calgary.ca/externallogin.aspx

Primary: 7.86% decrease (Last year it decreased 6.6% as well) Neighborhood must be going to shit.

Rental: 0.66% decrease (Last year it decreased 2.77% as well)

[killramos]

~3 up, damn...

[Tik-Tok]

Up 4%, I'm so glad they don't do physical inspections. Hardly any of the info is correct, lol.

[rage2]

Increase on all properties. Guess someone's gotta pay for the downtown downturn. :rofl:

[tonytiger55]

My condo in the SE took a massive hit down.

[lilmira]

I'm 5% richer yay

[BerserkerCatSplat]

Up 2%, if the calculator is correct that's only a $3/mo increase.

[Tik-Tok]

Up 2%, if the calculator is correct that's only a $3/mo increase.

I don't sense any outrage here... this is Beyond, you're supposed to be outraged at any increase.

[killramos]

Well after having Nenahi as long as we have we are pretty well resigned to yearly tax increases.

[Twin_Cam_Turbo]

Up 1.4% for my townhouse.

[rage2]

Up 2%, if the calculator is correct that's only a $3/mo increase.
Have they set the mill rate for this year already?

[BerserkerCatSplat]

Have they set the mill rate for this year already?

I'm not sure, I just used the "Revenue Neutral Tax Calculator" they have in the sidebar, in which you input your 2018 assessment and it spits out a number.

[Tik-Tok]

I'm not sure, I just used the "Revenue Neutral Tax Calculator" they have in the sidebar, in which you input your 2018 assessment and it spits out a number.

That means it's what you would owe if there were no mill rate increase, however I believe it's a 3.8% increase for 2018

[ExtraSlow]

They set the mill rate in June. They send assessments at a different time of year in order to obfuscate the process. They communicate more but there's less clarity. It's not an accident.

[BerserkerCatSplat]

That means it's what you would owe if there were no mill rate increase, however I believe it's a 3.8% increase for 2018

Well, that's pretty fucking useless then, isn't it.

[A2VR6]

wtf, up 9%, this years gonna hurt.

[Hallowed_point]

Wow down by quite a bit..oh well. Plenty of mortgage to go :burnout:Less tax $$$ = more f body $$$

[rx7boi]

Our monthly TIPP increased 13% :rofl:

/wrists

[RX_EVOLV]

Moved this year.

House went up 25% in assessed value from when we bought it. Still 8.6% lower than what we paid.

Old house only went to 1.8%. 7.6% lower than what we sold it for.

[msommers]

2 bed condo in Killarney, -4%.

[max_boost]

Down 6% waterfront condo

At least the stock market made up for it lol

[Tik-Tok]

Well, that's pretty fucking useless then, isn't it.

It's useful to the city. Less immediate complaints :rofl:

[msommers]

Down 6% waterfront condo

At least the stock market made up for it lol
Anyone owning a condo right now needs to hang onto it for a few more years before things get better. I don't know anyone who's condo value hasn't plummeted over the last 2-3 years.

[dirtsniffer]

our townhouse was valued at $308k, considering we couldn't even get a sniff at $285k when selling I think it's pretty off.

[sabad66]

townhouse in beddington up $500 lol. Still 13% lower than what i bought it for in may 2015

[ExtraSlow]

it's useful to the city. ding ding ding!!!!

[FraserB]

Up 1.2%.

Combined with the mill rate, TIPP went up $21/month

[max_boost]

Anyone owning a condo right now needs to hang onto it for a few more years before things get better. I don't know anyone who's condo value hasn't plummeted over the last 2-3 years.

All good. I don't plan to move but it surprised me for sure!

2015/16 - 580k
2016/17 - 550k
2017/18 - 515k

[schocker]

I think down around 4-5%. Gotta make those inner city fat cats pay my way :rofl:

[cloud7]

Primary - up over 9% from the adjusted assessment value after we went through the ARB process... so we will go back there this year.
Rental - up 4.7%

Both single-family residential properties in the suburbs.

[Sugarphreak]

...

[Xtrema]

I got mine today for Van... +22% value increase on the property

No idea what that is going to cost me, lol

Seems to be above average in value increase...

http://www.cbc.ca/news/canada/british-columbia/bc-assessment-values-1.4470645

- - - Updated - - -


I think down around 4-5%. Gotta make those inner city fat cats pay my way :rofl:


All good. I don't plan to move but it surprised me for sure!

2015/16 - 580k
2016/17 - 550k
2017/18 - 515k


I don't think inner city is paying....

Primary up 4%
Rentals - stagnant.

Does the city offer any historical data on assessment?

[rage2]

Does the city offer any historical data on assessment?
Yes, it's in the annual report. I have the data collected for another e-argument.


Year Res Prop Tax Population Avg/Population Dwellings Avg/Dwelling
2016 $788,084,000.00 1,235,171 $638.04 499,222 $1,578.62
2015 $745,974,000.00 1,230,915 $606.03 492,623 $1,514.29
2014 $699,844,000.00 1,195,194 $585.55 478,223 $1,463.43
2013 $650,287,000.00 1,156,686 $562.20 468,358 $1,388.44
2012 $563,117,000.00 1,120,225 $502.68 459,339 $1,225.93
2011 $526,126,000.00 1,090,936 $482.27 450,952 $1,166.70
2010 $471,447,000.00 1,071,515 $439.98 445,455 $1,058.35
2009 $443,963,000.00 1,065,455 $416.69 438,663 $1,012.08
2008 $412,317,000.00 1,042,892 $395.36 432,997 $952.24
2007 $379,721,000.00 1,019,942 $372.30 420,311 $903.43
2006 $352,225,000.00 991,759 $355.15 408,543 $862.15
2005 $309,297,000.00 956,078 $323.51 395,779 $781.49
Take the avg/dwelling and divide by the historical mill rate to get the average assessment.

[HiTempguy1]

Wow, dat "inflation" doe :eek:

:guns:

[ickyflex]

Up $180,000 (from purchase price) since it finished building a month ago... yeah that's lame

[Xtrema]

Yes, it's in the annual report. I have the data collected for another e-argument.


Year Res Prop Tax Population Avg/Population Dwellings Avg/Dwelling
2016 $788,084,000.00 1,235,171 $638.04 499,222 $1,578.62
2005 $309,297,000.00 956,078 $323.51 395,779 $781.49
Take the avg/dwelling and divide by the historical mill rate to get the average assessment.

30% increase in population, 155% increase in revenue. Sounds about right.

[Feruk]

Up 6%... Not surprising as we got a good deal on it last year...

[msommers]

Average before and after 2010 both seems to be +7%/yr for avg tax/dwelling.

So property taxes are on average the same with and without Nenshi?

[rage2]

So property taxes are on average the same with and without Nenshi?
Yes, I've mentioned that before. Comparing Bronco and Nehshi's (so far) tenure, Nenshi average is 0.08% (by population), 0.68% (by dwelling), or 0.17% (by dollars) higher depending on how you look at it. Barely a blip.

[cycosis]

Up $180,000 (from purchase price) since it finished building a month ago... yeah that's lame

What neighbourhood? We're down $7500 in assessed value vs what we paid. Took possessions in July in legacy se

[ickyflex]

What neighbourhood? We're down $7500 in assessed value vs what we paid. Took possessions in July in legacy se

West Grove!

House was ~730k and assessment is at ~900k. Have a very hard time believing their assessment

[ExtraSlow]

Down anotther 1.3% this year. Down $83k from 2015, but still up from original purchase price in 2009.

[killramos]

Down anotther 1.3% this year. Down $83k from 2015, but still up from original purchase price in 2009.

The E-W side of centre street arbitrage is closing! :rofl:

[ExtraSlow]

Factor in your nicer rides and it's already closed!

[cet]

Has anyone done the appeal for their property tax? I finished my garage this year and my assessment went up about $35,000. This puts me about $25,000 higher than anyone else around me with similar lot and garage size.

[rage2]

Has anyone done the appeal for their property tax? I finished my garage this year and my assessment went up about $35,000. This puts me about $25,000 higher than anyone else around me with similar lot and garage size.
My co-worker has. He's assessed 25% higher than neighboring properties and same price as another home that's 600sq/ft larger because of a small reno that required a permit. The reno costs itself was 1/3 of the higher assessment, best ROI ever if he could actually sell at assessed price. You will not win. Massive waste of time.

[ExtraSlow]

Even if you win this year, they'll make you appeal again next year, and the year after that. Not worth it. Better to sell and move to a house with a low assessment.

[klumsy_tumbler]

I didn't realize the massive difference that our two permits would have made on our assessed value. 15% increase later.... FACK. Sounds like it's not even worth it to try and argue it :/

[Xtrema]

I didn't realize the massive difference that our two permits would have made on our assessed value. 15% increase later.... FACK. Sounds like it's not even worth it to try and argue it :/

Permit isn't about safety. It's about tax revenue.

[Strider]

Has anyone done the appeal for their property tax? I finished my garage this year and my assessment went up about $35,000. This puts me about $25,000 higher than anyone else around me with similar lot and garage size.

I did it successfully in 2015, reduced the assessed value by $100k. Took probably 5-6 hours (and the help of a realtor friend) to put together comps, understand the city methodology so I could debate meaningfully, do my own calculations and write my complaint/rebuttal. Then a 1/2 day off work for the hearing.

If you figure your assessed value is only $25k high then it likely isn't worth the effort (especially if you factor in a probability of success).

[Tik-Tok]

Permit isn't about safety. It's about tax revenue.

That's why I didn't reno our basement or kitchen... I just "added some plugs and wiring". :angel:

[ercchry]

Apparently the market fully recovered in the summer of 2017!

Last year.. $514.5k... now $543.5k, peak before that was $540.5k in 2015...

[ExtraSlow]

Apparently the market fully recovered in the summer of 2017!

Last year.. $514.5k... now $543.5k, peak before that was $540.5k in 2015... My neighborhood much be particularly undesirable. It's been a steady downward trend.

[ercchry]

My neighborhood much be particularly undesirable. It's been a steady downward trend.

All that hail makes insurance rates too high!

[ExtraSlow]

All that hail makes insurance rates too high!
Too many unemployed dudes bringing down property values too. :rofl::cry::rofl:

[bjstare]

My assessment is up about $40k from last year. Not impressed, but also can't justify the time and effort to appeal.

[bigbadboss101]

We are in Kincora, down 3rd year in a row. Tax is high. However market value <> assessment value. Were thinking about moving but it seems some of the areas we are looking at are more 'desirable' but value for the $ it's best for us to stay put.

[ExtraSlow]

Moving is incredibly expensive no matter what the house. Costs. I was figuring fifty grand down the drain for my family.

[Tik-Tok]

Anyone else get a letter in the mail informing you how awesome their online property information is, and encouraging you to update your property information online with anything like renovations and upgrades?

I'm definitely jumping on this opportunity to raise my property taxes! :rofl:

[rage2]

Someone’s gotta pay for those Olympics.

[ExtraSlow]

Someone’s gotta pay for those Olympics.
Raj my friend, nobody pays, it's government money.

[rage2]

Raj my friend, nobody pays, it's government money.

81687

[thinmyster]

Moving is incredibly expensive no matter what the house. Costs. I was figuring fifty grand down the drain for my family.

To this point, what is the real cost of moving? We are thinking of making a switch but I don't want to be throwing away money.

[swak]

The city reassessed my condo at 100k more than it was last year lol.
(still 100k less than market value though :D )

also taxes went up 4%...
Not the happiest news i've seen.

[ercchry]

To this point, what is the real cost of moving? We are thinking of making a switch but I don't want to be throwing away money.

Can vary dramatically depending on house and mortgage product... if mortgage is portable to new city, etc

If you’re in a fixed term mortgage and penalty is interest differential... can be massive (like 5 figures) to get out of it... minimum penalty will be 3 months interest best case (if you have to payout due to not being able to port)

If you can port, chances are that the new home is a different price, so depending on your mortgage, you might have a higher rate on the new money that needs to be added

Then you have the realtor fees (7% on first $100k, 3% on the rest)

Probably some light renos to get top dollar

Not a fantastic market right now (especially if it’s a condo) so not realizing best gains selling asset right now

Then actual cost of moving your belongings... depending on options pick that can add up too

Then work? Can you get a transfer? Will you be in the same industry? Same pay? This might cause another loss... and depending on the answers it might be difficult to get lending for a new property in the new city... might need 20%+ down... might need a B lender (higher rates and fees)

Best is to look at all aspects of your own situation and figure out the numbers from there

[jwslam]

http://calgaryherald.com/news/local-news/calgary-council-votes-11-3-in-favour-of-hiking-future-property-tax-rates

Council votes in favour of hiking future property tax rates

[phreezee]

No surprise here really.

[mr2mike]

11% increase in my property tax bill... Thanks Nenshi!
Positive they're assessing properties based on the ability to pay not on actual "location".

[ExtraSlow]

11% increase in my property tax bill... Thanks Nenshi!
Positive they're assessing properties based on the ability to pay not on actual "location".
Us low income Calgarians thank you for your contribution.

[Tik-Tok]

9.5% for me.

[BerserkerCatSplat]

So at the beginning of the thread, I calculated a 3% increase using the CoC tax calculator. Users warned that the mill rate was not included and it would be higher.

Actual tax increase was 2%. Alrighty then.

[Tik-Tok]

So at the beginning of the thread, I calculated a 3% increase using the CoC tax calculator. Users warned that the mill rate was not included and it would be higher.

Actual tax increase was 1%. Alrighty then.

Very strange considering my assessed value was up 4%, buy my taxes went up 9.5%

[BerserkerCatSplat]

Very strange considering my assessed value was up 4%, buy my taxes went up 9.5%

Yeah it's pretty strange. Assessed value was up by ~3%, taxes by 2%. (Bad rounding when I initially said 1%, sorry.) Not complaining, though, obviously

[speedog]

11% increase in my property tax bill... Thanks Nenshi!
Positive they're assessing properties based on the ability to pay not on actual "location".

10% here but not sure how this would be entirely Nenshi's fault unless he wielded some sort of veto powers that I'm unaware that he has over council.

[rage2]

Yeah it's pretty strange. Assessed value was up by ~3%, taxes by 2%. (Bad rounding when I initially said 1%, sorry.) Not complaining, though, obviously
Do you have some paved alley work or something tacked onto your tax bill? That would stay the same and make your tax increase look lower than it actually is.

edit - Based on the mill rate for 2018, it's lower than 2017, so your numbers look right. My assessed value went up 4.170% and tax went up 1.871%. Not sure how Tik-Tok had his taxes go up 9.5% with similar assessment increase as us. One of us has our marth wrong.

[BerserkerCatSplat]

Do you have some paved alley work or something tacked onto your tax bill? That would stay the same and make your tax increase look lower than it actually is.

edit - Based on the mill rate for 2018, it's lower than 2017, so your numbers look right. My assessed value went up 4.170% and tax went up 1.871%. Not sure how Tik-Tok had his taxes go up 9.5% with similar assessment increase as us. One of us has our marth wrong.

Good thought, but no, dirt alley. I wish we had a paved one, ugh.

Lots of folks are reporting ~10% increases, so either there were big assessment increases or there's some fucky math going on with how the tax burden is being distributed.

[Xtrema]

http://www.calgary.ca/CFOD/Finance/Pages/Property-Tax/tax-bill-and-tax-rate-calculation/historical-tax-rates.aspx?redirect=/ca/fs/pages/property-tax/

If you are up 10%, your assessment is up at least 12%.

My house insurance definitely went up 10% tho.

[Tik-Tok]

Not sure how Tik-Tok had his taxes go up 9.5% with similar assessment increase as us. One of us has our marth wrong.

I'll check again when I get home, I think it's my marth though.

[A2VR6]

http://www.calgary.ca/CFOD/Finance/Pages/Property-Tax/tax-bill-and-tax-rate-calculation/historical-tax-rates.aspx?redirect=/ca/fs/pages/property-tax/

If you are up 10%, your assessment is up at least 12%.



Yep... I got a 15% hike on my taxes

[jwslam]

Assessment up 4.2%, taxes up 3.7%

[Tik-Tok]

Yeah, I must of hit a wrong button on my calcimicator. Taxes up 3.5%

[Xtrema]

Primary home: up 4.5%

Rentals: down 5-8%

[Gainsbarre]

Assessment went up 16.75%, property tax bill is up 16.16%. All my neighbours had their assessments go way up too, so I think my neighbourhood (Mount Pleasant) is one of the worst hit areas for property tax increases this year...

[ExtraSlow]

Assessment went up 16.75%, property tax bill is up 16.16%. All my neighbours had their assessments go way up too, so I think my neighbourhood (Mount Pleasant) is one of the worst hit areas for property tax increases this year... Not the crappy end of it . . . .

[schurchill39]

House value stayed the same (within a few thousand) but my property tax went up 13.2%! Thanks Mr. Neighbor who petitioned to get the back alley paved who we suspect might have forged some signatures, then had a buddy call in for the counter petition and never actually went around to collect signatures! But hey, we have a shiny new paved back alley for everyone to cut down in the morning thinking they are skipping traffic now.

[Tik-Tok]

House value stayed the same (within a few thousand) but my property tax went up 13.2%! Thanks Mr. Neighbor who petitioned to get the back alley paved who we suspect might have forged some signatures, then had a buddy call in for the counter petition and never actually went around to collect signatures!

Hmmmm.... that doesn't sound like a bad idea.

[rage2]

$300 a year for 15 years for a paved back alley? Well worth it. Easily get that back when selling the house. Hell, sell the house before it's paid off and profit! :rofl:

[bjstare]

House value stayed the same (within a few thousand) but my property tax went up 13.2%! Thanks Mr. Neighbor who petitioned to get the back alley paved who we suspect might have forged some signatures, then had a buddy call in for the counter petition and never actually went around to collect signatures! But hey, we have a shiny new paved back alley for everyone to cut down in the morning thinking they are skipping traffic now.

Sounds like a smart guy to me. Who wouldn't want a paved alley?

[phreezee]

Unpaved alleys are ghetto.

[88CRX]

Paved alley is not cheap but so worth it. Your alley where people cut down is a separate issue, the City needs to do something about that. Call 311 and let them setup a cop at the far south end and that should put a stop to it.

Also really smart to get a buddy to petition against it and then not do anything about it. Wish I had done that after I got the signatures to get ours paved rather then dealing with crazy petition lady. Also anyone that goes door to door and gets all those signatures deserves a paved alley, that whole process is the worst.

[Tik-Tok]

Sounds like a smart guy to me. Who wouldn't want a paved alley?

Most of my neighbors after they found out the cost. 80% of them don't even use the alley though, and are elderly on fixed income, so I don't blame them. Still pisses me off though.

[88CRX]

Most of my neighbors after they found out the cost. 80% of them don't even use the alley though, and are elderly on fixed income, so I don't blame them. Still pisses me off though.

Should have done what this guy did. Get the petition against paving package yourself (or get a buddy to get it), collect all the 'no' signatures and then don't return it to the City haha. Its genius really.

Interesting note that most of the new subdivisions being started in Calgary all have paved lanes from the developer already done. I'm sure the City is pushing for this now because gravel alleys are a disaster.

[killramos]

I would love it if the city started a campaign to force paved rear laneways...

No way I can convince my trailer trash neighbors to sign anything.

[ExtraSlow]

I've heard about cases where one baller can pay the cost for the whole block. Not sure if you still need the whole process to go through in that case.

[rage2]

I've heard about cases where one baller can pay the cost for the whole block. Not sure if you still need the whole process to go through in that case.
Yes you still need that process. Someone I know did that, paid the cost for the neighbors that wanted it but couldn't justify the costs in the door to door process. The assholes that gave him a hard no or told him to fuck off, they got a paved alley, and had to pay themselves. :rofl:

[killramos]

Yes you still need that process. Someone I know did that, paid the cost for the neighbors that wanted it but couldn't justify the costs in the door to door process. The assholes that gave him a hard no or told him to fuck off, they got a paved alley, and had to pay themselves. :rofl:

:rofl:

[ickyflex]

New Build finished Nov 2017... assessment @ $170k higher than what was paid. Don't know how they get their comps.

[rage2]

New Build finished Nov 2017... assessment @ $170k higher than what was paid. Don't know how they get their comps.
Pretty sure everybody's assessments (especially commercial) is higher than what you would be able to sell at these days. That's how they're able to make the tax rate look lower while actually increasing taxes. Tricks dumb people aka Nenshi supporters. :rofl:

[ickyflex]

Pretty sure everybody's assessments (especially commercial) is higher than what you would be able to sell at these days. That's how they're able to make the tax rate look lower while actually increasing taxes. Tricks dumb people aka Nenshi supporters. :rofl:

haha oh I knew it would be higher just didn't think that much higher lol. 25% over 6 months lol

[cycosis]

House assessment down $7500 since possession last July. First tax is $3750. I guesstimated $4k so I’m happy. Well see where she goes next year.