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Property Taxes

flipflop

New Member
Did anyone get their property tax assessments this week?
What do you think about it? Fair or not?

I'm especially interested in those who live in the downtown core.

I got assessed at $220 000 and my bill is a little over $1600.00 is that about right?

How about you?
 

coleridge

TRIBE Member
I've been told to always fight it. If you can afford the time to do it. They'll usually concede at least a little bit.
 

mcbee

TRIBE Member
i got mine, and my property is assessed at a lesser value than i expected. in fact, i recnetly had my property's value appraised for a home equity loan.....the two values are not the same. however, the value to be used for my property tax is the lesser one, so that's a good thing right?

(and i'm downtown)

:)sarah
 
The house I'm taking care of just got re-assessed and the taxes went up 400%. I'm currently fighting it, though from what I understand, I haven't got a hope in hell.
 

finary

TRIBE Promoter
I was avoiding starting my own thread on this for fear of my own rants... :p

I'm VERY pissed off at MPAC. What a half-assed buillshit operation it is.

I was unfairly assessed in 2001, and had some good reasons for the appeal. So I appealed 2001 assessment in March of this year. And waited. And waited. And waited.

FINALLY, after 8 months of waiting, I get a one page piece of shit generic letter in the mail to the tune of:

Dear Sir/Madam,

We have found that your assessment is fair. The decision is now final. Thanks for coming out.

Nonetheless I was pretty pissed off after reading that... and then BOOM the next day I get my 2003 assessment in the mail and they have jacked up the value YET AGAIN. This time they upped it by $30,000

My taxes may hit $3,000 this year :(

stupid taxes.

/f
 
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flipflop

New Member
Why is it that you (I) have to pay in two payments for the whole year....January and February???

What about if you moved in half way through the year and you are assessed for the WHOLE year?

Howz this thing work? Any help is mucho appreciated!!!

Is the best thing for me to do is to contact my lawyer?

So many Questions??

Nubbie property tax payer
 

flipflop

New Member
Why is it that you (I) have to pay in two payments for the whole year....January and February???

What about if you moved in half way through the year and you are assessed for the WHOLE year?

Howz this thing work? Any help is mucho appreciated!!!

Is the best thing for me to do is to contact my lawyer?

So many Questions??

Nubbie property tax payer
 

AdRiaN

TRIBE Member
Originally posted by flipflop
I got assessed at $220 000 and my bill is a little over $1600.00 is that about right?
Residential property taxes (total municipal and education) for 2003 in Toronto are 0.9915552% of the assessed value of your property.
 

AshG

Member
i have no idea.

all i know is that this couple who lives on the water out in nova scotia gets their property taxes assessed by this old "shade" formula.

apparently you can get your taxes assessed as a function of the shade cast by your residence.

they pay around $50.
 

mcbee

TRIBE Member
Re: Re: Property Taxes

Originally posted by AdRiaN
Residential property taxes (total municipal and education) for 2003 in Toronto are 0.9915552% of the assessed value of your property.
fuck, using this i just realized that the assessed value of my property between 2003 and 2004 has gone up 30 000$. therefore in 2004 i'm going to be paying lots more this year.

YAR.

:)srah
 
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The Tesseract

TRIBE Member
My folks got their assessment 2 weeks ago. It says the property is worth $100,000 more than its really worth. So that justifies the town taxing our asses an extra $45 a month or some shit.

That made my Dad quite..... livid.

Why the fuck is everything go up in price when the economy is complete crap?
Any economy majors here? I don't understand that crap... please explain it to me in regular terms and what not.
 

finary

TRIBE Promoter
it seems like they just need more money BECAUSE of the poor economy.

its starting to look like property values aren't values at all. they are just specific amounts of money created by people who know nothing a bout your property and are simply trying to balance the city books.

/finary
 

swenard

TRIBE Member
My property is a townhouse in Georgetown. I paid $155,000 for it almost 3 years ago.

Originally they assesed it at $120,000, fine.

2 years ago they assesed it at $135,000, fine.

last year they assesed it at $150,000, fine.

I just got my god damn tax bill. The stupid fucks assesed it at $195,000!!!!!!!!!NOT FINE!

although I haven't called them yet. Plus, it costs $50 to argue your tax bill!!!
 

swenard

TRIBE Member
Originally posted by swenard
My property is a townhouse in Georgetown. I paid $155,000 for it almost 3 years ago.

Originally they assesed it at $120,000, fine.

2 years ago they assesed it at $135,000, fine.

last year they assesed it at $150,000, fine.

I just got my god damn tax bill. The stupid fucks assesed it at $195,000!!!!!!!!!NOT FINE!

although I haven't called them yet. Plus, it costs $50 to argue your tax bill!!!

Although, I will say one thing. The assesment is fair! It is actually waaay under. I'm just pissed that it is going to jump up that much in one year!
 
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jmaggs

TRIBE Member
Originally posted by flipflop
Why is it that you (I) have to pay in two payments for the whole year....January and February???

What about if you moved in half way through the year and you are assessed for the WHOLE year?

Howz this thing work? Any help is mucho appreciated!!!

Is the best thing for me to do is to contact my lawyer?

So many Questions??

Nubbie property tax payer

If you move in halfway through the year, and they wrongfully charged you for a full year of tax, you have to fill out an MPAC request for reconsideration form (check their website)to have them look at it again.

We moved into our condo Midway through 2002, but when the tax bills came, we got billed for all of 2001, 2002 and 2003. I sent off the form, and they had it adjusted within a week or so.

Having said that, the most recent assessment of our property by MPAC is waaaay too high. Other units in our building are selling for just over 200K, and they assessed ours at 230K. I'm trying to deal with that now....

Maggs.
 

jmaggs

TRIBE Member
Originally posted by AshG
i have no idea.

all i know is that this couple who lives on the water out in nova scotia gets their property taxes assessed by this old "shade" formula.

apparently you can get your taxes assessed as a function of the shade cast by your residence.

they pay around $50.

Bahahahaha. I saw this last night as well! They've been living in their floating house on the water for 8 years now!

Maggs :D
 

vveerrgg

TRIBE Promoter
i got assessed for $20k more then last year......

it's still low or at rate for my neighborhood. I've been wondering what my options are IF I wanted to fight.
 

AdRiaN

TRIBE Member
Originally posted by finary
its starting to look like property values aren't values at all. they are just specific amounts of money created by people who know nothing a bout your property and are simply trying to balance the city books.
Assessments are performed by an agency of the provincial government. It has nothing to do with municipal finances. When the city is preparing its budget, they look at the total assessments available and figure out an appropriate tax rate to bring in a desired level of revenue. Just because your assessment goes up does not mean the city is asking for more money since someone else's house might get a lower assessment in the same year.
 
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Soundstream

TRIBE Member
According to the taxation records, my property supposedly increased in value by $100,000 over the course of the last year. And that is definetly not the case. It went up, but not that much.

Now how do I go about contesting it? Guess I'll google it. ;)

Cheers ... Ian :)
 

vveerrgg

TRIBE Promoter
from using the About My Property web application I found out my house was built in 1922.

I'm still in shock!

oh and that I'm being assessed at a higher rate then my neighbor who has a renovated basement apartment and SHOULD be paying more taxes then me. friggin system isn't working in my favour right now....
 
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