2021 Assessments Time!

[RX_EVOLV]

Down 7.6%

[nzwasp]

up 6%

[saiyajin]

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Forms mailed out today, will take time, but online is live.

where can we get it online?

[killramos]

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where can we get it online?

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

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But maths is hard. I’m gonna check the win box anyway. (actually too lazy to find last year’s value)

Should be on honestdoor.

[gmc72]

Well I know that I will be contesting my assessment. They say it's worth $559,500 as of July 1st, but we bought it for $530,000 on June 1st. The marth doesn't add up here.

[killramos]

Just know that what you bought it for is a small part of what the city considers to be relevant as part of the assessment process and that it can be a giant PIA to get an assessment changed.

Do your home work on similar properties in the community as that’s the biggest factor in swaying the assessment committee.

[bjstare]

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Well I know that I will be contesting my assessment. They say it's worth $559,500 as of July 1st, but we bought it for $530,000 on June 1st. The marth doesn't add up here.

Last time I looked into it, the ROI on the time it takes to contest (where there's a slim chance of winning) was very poor. Update us if you find otherwise.

[ExtraSlow]

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up 6%

ouch, that's maybe the "worst" in this thread?

I'm somewhat philosophical about mine. my assessment is down ~22% since it's peak in 2015, but not down as low as it was in 2010, and it's never been as low as what I actually paid for the place in 2009.

[Tik-Tok]

Down 2%

That means my taxes will go down 2%, right guys?

[ExtraSlow]

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Well I know that I will be contesting my assessment. They say it's worth $559,500 as of July 1st, but we bought it for $530,000 on June 1st. The marth doesn't add up here.

Unless they made an error in describing your property, then the process to contest the assessment is probably a waste of effort. Even if you win this year, they'll make the same set of assumptions next year, and you'll have to do it again. So factor in the $50/year and 5-10 hours of your time each year and see if you feel you are getting good value from arguing about it. I think over time the process mostly works, even if the year-to-year numbers are a bit nonsensical.

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Down 2%

That means my taxes will go down 2%, right guys?

well, down 2%, plus 20%, so up 18% in aggregate? (not an actual estimate)

[ercchry]

Wtf! Mine went up... stupid ring road

[Xtrema]

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well, down 2%, plus 20%, so up 18% in aggregate? (not an actual estimate)

Don't worry Aspenites and people around SW ring road are paying all the taxes it seems.

[roopi]

Up 1.88%

[killramos]

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Don't worry Aspenites and people around SW ring road are paying all the taxes it seems.

We thank them for their service

[ercchry]

Honest door says my MoM gains are over 5%, what recession??

[pheoxs]

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Honest door says my MoM gains are over 5%, what recession??

Honest door is kind of out of whack. They need to work on their estimate algorithm. Up 100k+ from Jan - May then down 100k+ from May-Now apparently.

[killramos]

FWIW I wasn’t suggesting relying on the honest door price, but that they have historical assessed values in there as well

[sabad66]

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up 6%

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We thank them for their service

+1, thanks Aspen!

[ercchry]

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FWIW I wasn’t suggesting relying on the honest door price, but that they have historical assessed values in there as well

AVMs are not so much different from what they’re attempting with that site, and the scary thing is we do rely on those... and appraisals... appraisals are painful when you know the area well you’re reviewing them for

I can only imagine city assessments are even worse being the bulk nature of the process. Some asshole a block over on the ridge sells for $5m and boom, my house increases

[Masked Bandit]

I don't remember what mine was last year all I know is that the current assessed value is 5% lower than it was when we signed the deal to build the house in December of 2006. Factor in some overall inflation and if I was looking at this place as an investment I'd be pretty pissed.