Assessments are live on City of Calgary website. Im up nearly 25% over last years assessment. Not looking forward to my property tax bill.
Assessments are live on City of Calgary website. Im up nearly 25% over last years assessment. Not looking forward to my property tax bill.
1968 Impala: Status: Stored
1977 Dodge Triple E RV: Sold
1989 Mercedes Benz 420 SEL: Sold
2008 Mercedes Benz C230: Cruising
2000 Bluebird TC2000: Build phase of skoolie project
2018 Rav4 XLE: New baby friendly daily
Looks like the same - condo life tho
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
my rental condo in the hood went down 1k, pretty much expected.This quote is hidden because you are ignoring this member. Show Quote
User title molested by Rage2.
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^^ Fact CheckedOriginally Posted by JRSC00LUDEThis quote is hidden because you are ignoring this member. Show Quote
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Using the assessment as the single factor in determining your tax bill is not useful data, the only thing that can confirm that it’s going up is if you get a large enough sample to determine if your assessment is an outlier vs the rest of the data. That being said, the way this city budgets, going up is almost always a certainty
Edit: “only” up 10% over here
Last edited by ercchry; 01-04-2023 at 05:47 PM.
I'm richer than I think but I'll be poorer than I know soon.
One across the street that sold for under $595g last March during peak "hawt market" is now assessed at $700g. Zero changes have been made, and I'm not even sure someone actually lives there.
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2021 $432500, 2022 $469000, 2023 $518500 for me. According to the city’s calculator I’ll only owe $42 more this year, not sure I believe that…
They won't announce the rate for months, so it's useless.This quote is hidden because you are ignoring this member. Show Quote
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Not sure why they even bother posting this then: https://www.calgary.ca/property-owne...alculator.htmlThis quote is hidden because you are ignoring this member. Show Quote
The city engages in deliberate and systematic obfuscation. This is no accident.
That sounds right.This quote is hidden because you are ignoring this member. Show Quote
According to their presentation, the delta in taxes is based on your deviation from the normal. If everyone goes up 10%, nobody's taxes change. But if everyone goes up 10% except one guy goes up 11%, that 11% pays slightly more. Something like that.
So for those of us in the single-family dwelling, the magic number seems to be 12%. If your value went up 12%, you should pay about the same as last year. If it only went up 9%, you'll pay less and if you went up 20% you'll pay more. That may be simplified, but Darren Krause has a decent thread on it from the city's presentation today.
https://twitter.com/LiveWire_DK/stat...il1JpWztFGppgA
Ancient Scotia ProverbThis quote is hidden because you are ignoring this member. Show Quote
Ultracrepidarian
Isn't your actual property tax amount based on the assessed value multiplied by the tax rate? Therefore, unless they're lowering the municipal or provincial tax rate, wouldn't everyone's property tax amount go up?This quote is hidden because you are ignoring this member. Show Quote
Yes, and I'm pretty sure we go through this every year in the annual thread about property taxes
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My assessment went up slightly but paying less property taxes this year.
2021 - $915,500
2022 - $1,130,000
i don't even want to see my tax bill
2022 Acura RDX A Spec
2013 C63 AMG Sedan
2006 Nissan X-Trial
2005 Bmw M3 vert
2008 Ducati 848
1977 Ford F150
May Gondek smile down upon you all
Hypothetically speaking, the budget sets tax rate. So if the budget stays the same and all values increase then the tax rate should go down… if this holds true then the only people seeing a change in their tax amount would be the properties that are outliers from the average change in valueThis quote is hidden because you are ignoring this member. Show Quote
But in reality government spending is out of control the the budget is ever increasing… so everyone pays more YoY
No sweat ballerThis quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100