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