Did you guys receive yours yet? Tax rate went down, but my place appreciated enough(~8%) to make my taxes go up marginally. Anyone going to fight theirs?
Did you guys receive yours yet? Tax rate went down, but my place appreciated enough(~8%) to make my taxes go up marginally. Anyone going to fight theirs?
Well I just bought my place for $257000 in October and the city assessed it at $282500. Good thing or bad thing?
Mine went up by about 6.4%
First time home owner so don't know what it means lol
GO FLAMES GO!
I'm under the impression that you want your assessment to be as low as possible while you live somewhere, to keep taxes low, and then skyrocket when you want to sell.
I would have a very hard time walking somebody through my house and being like "This is why my house is a piece of shit", though.
Only good if you're planning a flip. Otherwise it means more taxes.Originally posted by Twin_Cam_Turbo
Well I just bought my place for $257000 in October and the city assessed it at $282500. Good thing or bad thing?
Mine assessment went up 5.5%. Unfortunately, when we start some big reno's this summer, we're going to need to pull permits. I suspect someone at the city will actually want to look at my house in person after that, and it'll go up significantly.
Well it's my first home and I was intending to live there for a while but I am thinking I may sell after a year or two and split my profits/investment between two places again.Originally posted by Tik-Tok
Only good if you're planning a flip. Otherwise it means more taxes.
Mine assessment went up 5.5%. Unfortunately, when we start some big reno's this summer, we're going to need to pull permits. I suspect the city will actually want to look at my house after that, and it'll go up significantly.
nah, you always want it as low as possible, no one ever actually places a value based off of that number anyway... and a lower number makes it move attractive for a new owner the same as you want it low.... till the sale goes through at double the assessed value and you get hit with a big bill anyway
Went up 7.5%.
About 5% under market value.
All good. I am never gonna move anyway lol 8.5 years here now.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Average assessment is 6% increase. If your assessment increase is over 6%, you will pay more taxes this year.
We already know the 5-6% increase in city taxes has been squashed for 2014. So that won't be a factor this year. Only assessment and provincial changes comes into play.
Our property tax system is too complex. why don't they just fix a rate (like 0.8%) can call it a day.
My assessment went up ~8%, predicted property tax went up ~100bux a yr.
Bang on.Originally posted by ercchry
nah, you always want it as low as possible, no one ever actually places a value based off of that number anyway... and a lower number makes it move attractive for a new owner the same as you want it low.... till the sale goes through at double the assessed value and you get hit with a big bill anyway
My place is worth way more than my neighbours but their assessments are higher than mine. lol.
Insurance Pro
Lol, we go through this every year. Your taxes have not gone up yet. What you are seeing is an assessment, not a tax bill (even says so a few times on the paper)Originally posted by lilmira
My assessment went up ~8%, predicted property tax went up ~100bux a yr.
You're tax bill will be more than $100 increase, when they come out with an actual tax rate in May.
I know that, that's why I said predicted. Sorry if you are offended.Originally posted by Tik-Tok
Lol, we go through this every year. Your taxes have not gone up yet. What you are seeing is an assessment, not a tax bill (even says so a few times on the paper)
You're tax bill will be more than $100 increase, when they come out with an actual tax rate in May.
Mine was $386k for 2013 and is now $405k for 2014 which is what we actually paid for the house...
Koenigsegg, what started as a dream just blew your doors off.
It's interesting that when I bought my house, it was more expensive than my next door neighbor's house, yet in the last 10 years, the neighbor's assessment has slowly crept up and is now $25k higher than mine. Neither of us have reno'd the house since new. Actually that's a lie, I got new siding and roofing last winter through insurance. I guess I'll have to keep my fence looking like shit till I sell the place to keep the taxes low.
Both were show homes, I have more square footage (120 sqft more), and both have undeveloped basements. Win.
Originally posted by SEANBANERJEE
I have gone above and beyond what I should rightfully have to do to protect my good name
Because I don't want to "subsidize" all you 1%'ersOriginally posted by Xtrema
Our property tax system is too complex. why don't they just fix a rate (like 0.8%) can call it a day.
One of the few times im happy with being below average... 3.7% bump!Originally posted by Xtrema
Average assessment is 6% increase. If your assessment increase is over 6%, you will pay more taxes this year.
We already know the 5-6% increase in city taxes has been squashed for 2014. So that won't be a factor this year. Only assessment and provincial changes comes into play.
Our property tax system is too complex. why don't they just fix a rate (like 0.8%) can call it a day.
I am over what i paid for it now though... still below market, but also still way more than my damn neighbors!
EDIT: spoke too soon, rental is up 7.1% officially over $100k more than i bought it for
Last edited by ercchry; 01-07-2014 at 07:51 PM.
Assessed at $201k. Market value is about $400k. Score.
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Last edited by Cos; 12-28-2016 at 09:47 PM.
Originally posted by adam c
Line goes up, line goes down, line does squiggly things and fucks Alberta"The stone age didn't end because we ran out of stones"
Its now trendy for ballers to have undeveloped basements.Originally posted by rage2
Both were show homes, I have more square footage (120 sqft more), and both have undeveloped basements. Win.
Koenigsegg, what started as a dream just blew your doors off.