2020 Assessments Out

[Twin_Cam_Turbo]

2.78% drop, 12.8% down from its peak in 2016.

[Swank]

Down 5% (almost 18% from when we bought). Buy high, sell low Wait...oh shit

[killramos]

I actually feel like for the first time in a long time the assessed value of my current home is pretty bang on with its market value.

[ExtraSlow]

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2.78% drop, 12.8% down from its peak in 2016.

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Down 5% (almost 18% from when we bought). Buy high, sell low Wait...oh shit

I must be winning at life. Mine is down 25% since the peak assessment in 2015, but it still well above the price I actually paid for it in 2009. Assessment has never been as low as the price I paid.

[Twin_Cam_Turbo]

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I must be winning at life. Mine is down 25% since the peak assessment in 2015, but it still well above the price I actually paid for it in 2009. Assessment has never been as low as the price I paid.

I’m still 2.14% above what I paid new in 2013.

[FraserB]

Down 9% this year, down 10% from when I bought 3 years ago.

Taxes up probably about 7% I’d imagine

[cet]

I'm down about 5% from last year which I'm ok with.

[killramos]

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Taxes up probably about 7% I’d imagine

No need to imagine, that 2020 tax calculator I posted is estimated based on the approved 2020 budget. Probably 99% accurate.

[BerserkerCatSplat]

Down 2% from last year, down 5.5% from peak (2015). Looks like we're getting a 7% tax hike according to the calculator.

[Xtrema]

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https://www.calgary.ca/PDA/Assessmen...alculator.aspx

I believe the above link takes into account changes in Council decisions in the winter and is likely a pretty accurate assessment of your 2020 Taxes dollar for dollar. Its just not official yet.

With my 8% assessment drop my TIPPS payment is bang on from last year.

I'm up 3% from last year for all my properties combined. I have not break it down but I think most of the increases are from the rentals and not the primary residence.

[bjstare]

Down 4.6%. Probably very close to actual market value now (maybe even a bit under).

I don't really care what it is though. Gotta live somewhere. And I'm not about to go dispute the value, definitely not worth the time.

[killramos]

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Down 4.6%. Probably very close to actual market value now (maybe even a bit under).

I don't really care what it is though. Gotta live somewhere. And I'm not about to go dispute the value, definitely not worth the time.

I’m thinking on one property I’m being overtaxed by ~1300/yr. That’s worth a few phone calls and maybe a sternly worded letter to me.

[Strider]

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I’m thinking on one property I’m being overtaxed by ~1300/yr. That’s worth a few phone calls and maybe a sternly worded letter to me.

Overtaxed by $1300/yr would mean that they got the value wrong by $200k?!

I've appealed my assessment in the past, it was quite a bit more effort than a couple phone calls and a sternly worded letter. In all, I probably spent about 6-8 hours compiling evidence and writing my argument/rebuttals, and then a morning off work to attend a hearing. It was worth it though, I saved about $1k.

The biggest flaw in their assessment (and main basis of my argument) was that they used 3 years of historical sales and applied an adjustment to it to bring it to the assessment date. The basis of their adjustment is a black box, so I demonstrated that it was bullshit based on CREB stats and actual comps that sold just after the assessment date.

[killramos]

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Overtaxed by $1300/yr would mean that they got the value wrong by $200k?!

I've appealed my assessment in the past, it was quite a bit more effort than a couple phone calls and a sternly worded letter. In all, I probably spent about 6-8 hours compiling evidence and writing my argument/rebuttals, and then a morning off work to attend a hearing. It was worth it though, I saved about $1k.

The biggest flaw in their assessment (and main basis of my argument) was that they used 3 years of historical sales and applied an adjustment to it to bring it to the assessment date. The basis of their adjustment is a black box, so I demonstrated that it was bullshit based on CREB stats and actual comps that sold just after the assessment date.

Yea about that much unfortunately, if I was off by 20k I obviously wouldn’t bother.

[finboy]

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Anyone ever file an ARB before? Thinking about doing one this year ( Hence my heightened level of interested in the assessments this year lol ).

Bought a place with sales price nearly 20% under assessed value so I think I might actually have a leg to stand on. Prize is definitely big enough to be worth the effort and the $45 ( yea tis $45 now ) fee.

I have no idea what to include, but i think a bunch of curated neighborhood stats on similar homes from HonestDoor could help me here.

Thinking I will have to do this, I got a 5% decrease but assessed value is still $200k over what we paid in November.

[nzwasp]

Up 4% but I suspect it’s from my basement being developed in late 2018 (probably was too late for last years assessment)

[bjstare]

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I’m thinking on one property I’m being overtaxed by ~1300/yr. That’s worth a few phone calls and maybe a sternly worded letter to me.

That makes more sense. My frame of reference was when my house was off by ~50K. Not worth taking the time out of my day to compile shit + time away from the office for that small discrepancy.

[adam c]

I’m down a full 10% in value since I bought in 2014

[ercchry]

Woooow... an actual accurate assessment. First time ever! Within $3.5k of the appraisal I did last summer

[ExtraSlow]

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Woooow... an actual accurate assessment. First time ever! Within $3.5k of the appraisal I did last summer

grumble grumble . . . Blind squirrels and nuts . . . grumble