2016 year property assessments

[Sugarphreak]

...

[benyl]

Originally posted by Sugarphreak


the fairest way is to take a snapshot of one moment and use that as a basis for tax.

They do. Sales data for July 1st from the previous year.

Most residential property within Calgary is assessed using the sales comparison approach to value and is based on The City of Calgary’s estimate of the market value of the property on July 1 of the year prior to taxation, and the characteristics and condition of the property as of Dec. 31 of the year prior to taxation.

http://www.calgary.ca/PDA/Assessment...sessments.aspx

[jwslam]

1350sqft starter home

2014-390
2015-431.5
2016-398

[msommers]

-7k.

[98brg2d]

My assessed value dropped by about $10,000. My neighbours (~6 closest houses) dropped from $60,000 to over $100,000?!?! WTF, my house, which had previously been assessed as the lowest value house on the street (and rightfully so) is now assessed as the most expensive?!?!? My neighbours are going to pay ~$1000 less per year than me when their houses are actually worth more (newer and better renovations, larger lots, larger floor plans etc.).

[JordanLotoski]

Mine went up 700k

I finished construction well prior to last years assessment so unsure what the huge jumps for

[ercchry]

^^ probably lots of sales data in the area boosting everyone compared to normal


Can't believe people are still seeing increases, and I was pissed to see only a $5500 drop... Went $466>$540.5>$535.... Don't see how I'm worth more than I was in 2014...

[RX_EVOLV]

Up 20K

$436 (2014) > $510 (2015) > $532 (2016)

[mrsingh]

My house in Kincora is down 9.7% from last year. I would say the current assessment is about $10k high in the current market.

[Kloubek]

Originally posted by mrsingh
My house in Kincora is down 9.7% from last year. I would say the current assessment is about $10k high in the current market.

I'd agree with that. I'm in Kincora as well, and I believe without factoring in improvements I've made, my place is about 10k high as well compared to market value.

[FraserB]

Down $3k before I even have keys

[KPHMPH]

Mahogany.

$775 went up to $789k.....

I'm pissed, there is no need for it to go up

[BigDL]

1300ish sqft starter home in Nolan Hill up $10k from 409 to 419 this year. I did get a fence put up and grass though.

[blownz]

Mine only went up $1K which is nice as the property taxes will be lower.

Something I have noticed for a few years now and not sure if this happens in other crescents, but the gap between the most expensive house in our crescent and the cheapest have been getting narrower. When we first built, mine was the most expensive assessment and it is the largest square footage, 3rd largest pie lot but only one facing west (rest are NW to E). But my increases have been way smaller than the other houses so the gap is getting closer. Doesn't really bother me as I am not looking to sell, but it seems a bit odd.

My taxes have decreased 3 of the last 4 years though because of this. Another guy in the crescent I talk to with one of the cheapest assessments said his has increased every single year.

[roopi]

Originally posted by BigDL
1300ish sqft starter home in Nolan Hill up $10k from 409 to 419 this year. I did get a fence put up and grass though.

Fence/Grass have no affect on assessments.

[Darell_n]

Up nearly $50k this year. Maybe the k-9 school opening last year at my door step had another side effect I didn't consider.

[killramos]

Originally posted by roopi


Fence/Grass have no affect on assessments.

It sure as hell affects curb appeal and by extension property value...

giant pit of mud vs nice green grass. I know which one is worth more to me.

[roopi]

Originally posted by killramos


It sure as hell affects curb appeal and by extension property value...

giant pit of mud vs nice green grass. I know which one is worth more to me.

Your opinion has no affect on property assessments either.

The house 2 blocks from me that sold for 1.8 million affected the assessment of my home. My 6 neighbors who all finished landscaping in the past year had no impact. My mud pit still had an increase in assessment. I did add a fence so my mud would not spill into the streets so maybe that had an affect.

[RX-7_TWINTURBO]

Originally posted by Darell_n
Up nearly $50k this year. Maybe the k-9 school opening last year at my door step had another side effect I didn't consider.

up $35k, Sounds like we live in the same neighbourhood

[roopi]

It looks like tax bills are out. I haven't checked my mail yet but came by this article today. Why are people so shocked. Didn't the assessment 4 months ago give you an idea of what was coming?

700k home and complaining about taxes. Is that you Sugarphreak?

http://globalnews.ca/news/2733701/ou...ry-homeowners/

Some Calgarians are getting sticker shock when they open their 2016 property tax bills, which were mailed out last week.

Heather Morris is holding down three part-time jobs to make ends meet, and now her property taxes have risen by almost $100 per month.

She owns a home in Renfrew appraised at $700,000 for 2016.

Her taxes are going up from $3,700 to $4,800 a year. Morris says it’s a hardship for her to pay the extra amount.

“I can’t handle it – it’s soon going to be in a position (where either) I buy …a loaf of bread or I pay my taxes and taxes are not negotiable,” Morris said.

Some homeowners are paying more than 50 per cent over last year, largely because the city collects taxes on behalf of the Alberta government.

“We have to pass it on to tax payers, so the provincial portion of your property tax bill is going up 10 per cent. The municipal portion is only going up by three-and- a-half per cent,” Ward 10 councillor Andre Chabot said.

Many Calgarians are voicing their frustration on social media.

The projected 2017 tax hike is 4.7 per cent, but some councillors want that cut back if possible to just over three per cent.

They are asking city managers to prepare a report for next month to show what the impact of that cutback would be on municipal services.

So just where do your property taxes go?

The city has an online calculator to help you figure out it out.

For example, if your annual tax bill is around $3,800, about 40 per cent of that — more than $1,500 — is going to the province. The next big ticket item is policing at $506.

The itemized list includes everything from transit and garbage pick-up to roads and recreation.