Property Assessment property, received, letter, price

fibbi

Anyone received the property assessment letter yet? It's definitely a surprise....
I heard many goes up 20-30% or even more...

Yeah i know property price goes up but 30% in a year? That's ridiculous...

sheep

Anyone received the property assessment letter yet? It's definitely a surprise....
I heard many goes ...
fibbi 發表於 2011-1-6 11:14

Richmond is crazy, 20 plus %

masterbear

means Cities can have more good excuses to fill up their empty pockets especially Van. and Richmond!

Catpiano

Mine too .. even house price in general dropped a bit ..  but mine went up ..

Prelude

So you get to pay more property tax?

fibbi

回復 5# Prelude


    Property tax for sure increases, but of course not 20%....

快樂牛郎

sell your property so you won´t have to pay it again

lo_pak

回復 1# fibbi

You can go for re-assessment, but the difference won't be big. These years the appraisals for properties have been prepared quite accurately... Calculations are based on direct comparison approach (purchaser will to purchase), cost approach and income approach (e.g. renting value)...

So, in order to appeal successfully, you have to be quite familiar with the market and do quite a bit of researches...

Can't help, the cities are waiting these funds to "open rice"...

fibbi

回復 8# lo_pak


    Nah...I won't go for appeal...most likely won't change much...
I mean...as long as everybody else is getting similar % increase...I think it's more "fair"...haha

lo_pak

回復  lo_pak


    Nah...I won't go for appeal...most likely won't change much...
I mean...as long  ...
fibbi 發表於 2011-1-6 21:49

I think you are "fairly" treated this time... . No panic, most home owners are with you...