MARKET VALUE VERSUS PROPERTY ASSESSMENT VALUE & HOW TO DISPUTE IT
(February 28, 2019
)
By now you have received your Property Assessment from The City. You might be wondering, is this the amount your home would be listed for if you were to sell it?
Not necessarily. Property Assessments are calculated using Mass Appraisal, which is based on gathering basic information (year built, size, sold price) from transactions in the local market over the previous calendar year. The Market Value (what your house is worth if you were to sell it) will take the Property Assessment into consideration, but also takes into account the quality of build, including, finishes, upgrades, and renovations that have been completed, as well as the current market trends.
Any error on your Property Assessment could impact the amount of property taxes you are required to pay. Since tax bills are not disputable, it is important to review your Assessment and file a dispute before the appeal deadline on March 20, 2019. To do so, you’ll want to contact the City’s Revenue & Assessment Services department at 403-342-8126 or assessment@reddeer.ca.
Information retrieved from:
Categories
- All Entries (124)
- Market Updates (6)
- Open Houses (4)
- Trends (1)
- Buying (0)
- Selling (1)
- Misc (10)
- Events (2)
- Neighbourhoods (2)
- Acreage Living (1)
Archives
- July 2019 (1)
- June 2019 (3)
- May 2019 (6)
- April 2019 (6)
- March 2019 (7)
- February 2019 (3)
- January 2019 (6)
- December 2018 (6)
- November 2018 (2)
- October 2018 (1)
- September 2018 (3)
- August 2018 (5)
- July 2018 (2)
- June 2018 (5)
- May 2018 (5)
- April 2018 (5)
- March 2018 (4)
- February 2018 (5)
- January 2018 (3)
- November 2017 (1)
- October 2017 (5)
- September 2017 (6)
- August 2017 (7)
- July 2017 (9)
- June 2017 (8)
- May 2017 (6)
- April 2017 (2)
- November 2016 (1)
- October 2016 (1)
Subscribe To This Blog