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Valuation appeals?

Last post 03-03-2007, 11:07 AM by willie c wuddle. 2 replies.
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  •  03-02-2007, 7:20 PM

    Valuation appeals?

    Anyone have any experience of appeals against home valuations for property tax charges?

    I wonder if they just apply a blanket increase according to the survey they most like the look of ie the highest price rise.

    Having received my bill yesterday showing a $500 increase after last year's $800 increase, I did a bit of internet research.

    Statscan shows inflation running at 1.2% from Jan 06 to Jan 07 and only 0.3% in NB.

    Shelter costs over the same period went up by 2.8% Nationally...no figure for NB.

    Housing Prices - latest figures Oct 05 to Oct 06 shows 3.3%

    Royal LePage Dec 05 to Dec 06 shows an average 8.3% with a 'two storey standard' rising by 6.6%.

    I think the 9% increase for our slightly less than 2-storey is a bit inflated. Is the building of two 4-unit properties across the road likely to have a negative impact on prospective buyers?

  •  03-03-2007, 10:59 AM

    Re: Valuation appeals?

    BristolUK wrote:

    Anyone have any experience of appeals against home valuations for property tax charges?

    I wonder if they just apply a blanket increase according to the survey they most like the look of ie the highest price rise.

    Having received my bill yesterday showing a $500 increase after last year's $800 increase, I did a bit of internet research.

    Statscan shows inflation running at 1.2% from Jan 06 to Jan 07 and only 0.3% in NB.

    Shelter costs over the same period went up by 2.8% Nationally...no figure for NB.

    Housing Prices - latest figures Oct 05 to Oct 06 shows 3.3%

    Royal LePage Dec 05 to Dec 06 shows an average 8.3% with a 'two storey standard' rising by 6.6%.

    I think the 9% increase for our slightly less than 2-storey is a bit inflated. Is the building of two 4-unit properties across the road likely to have a negative impact on prospective buyers?

    Thats called highway robbery.


    "I think we have done this before and we shall do it again. The players may be different but the rules of game remains the same".
  •  03-03-2007, 11:07 AM

    Re: Valuation appeals?

    I once bought a motor bike for $500.00. When I went to regester it they wanted me to pay taxes on it based on it's gold book value of $1500.00. I offered anybody there the option to buy it for $1,000.00. Nobody at the tax place seemed to want to buy it. I had to get it appraised at my own cost which I couldn't even deduct from the taxes I had to pay. It must sometimes be frustrating as hell for you home owners.
    Remember yesterday, respect tomorrow, live for today.

 

 

 

 

 

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