Anyone ever try to dispute the city's property tax assessment?
I'm just looking over the tax notice they sent me for this year and it made my eyes go big. They're basically saying my house rose 15% in value in the last year (lol) and my property tax value rose by about 40% from last year as a result. ~$2050 -> $2860. So is this just a mad grab for tax dollars by the city this year or is something else going on? So I'm wondering if any of you have ever gone through challenging it and been successful?
Posted May 26, 2015, 12:46 AM UTC
There's a good chance the market value of your property did rise by 15%.
Also, you can't dispute a tax notice. You can only dispute an assessment notice, and you're too late.
^THIS
Yea, I figured once the bill came there would little I could do but maybe next year!
Generally speaking, take a look at what the housing market for your property type did in the previous year. The more local, the more accurate. If the number you come up with is within 1% of what your assessed value is, then it's not worth going further. For insurance purposes, you actually want it a bit inflated to capture any potential changes since the valuation date (Dec 31)
From the date of the assessment notice, you have 60 days to file an appeal. You also have the right to have the valuation process explained to you and what analysis was used to determine your property's value vs your neighbours properties. Your rights to a complaint are outlined in section 309(1) of the Municipal Government Act, as well as the Matters Relating to Assessment Complaints Regulation.