Edmonton Real Estate Market

[policyenthusiast]

NM just got mine, you are talking about the market value your home is assessed at. So your home value increased 30%. If you think this is incorrect there are ways to have the city adjust this. Make sure your home details are correct with the city. IE when we bought they assessed out basement as fully finished, it was only 40% finished. Make sure you have comparables as proof. again as I am a duplex I could point to my neighbour (duplex) and say well they have a double garage, fully finished basement with a slightly bigger lot and they are being assessed x which is equal to or more than y(me) There is an issue here. They greatly adjusted my property value. The city was very fair in their ultimate reassessment.

I mean I certainly could try to fight LPRT on it, but the market value reflects a comparable change. It's not that they're incorrect, it's just that the level of assessment volatility is a bummer.

 

[Tropical]

I mean I certainly could try to fight LPRT on it, but the market value reflects a comparable change. It's not that they're incorrect, it's just that the level of assessment volatility is a bummer.

I'm going through this as well. I have a 30% increase in assessed value after a 10% decline last year. The volatility is major.

 

[IanO]

 

[Jesus Is King]

I'm going through this as well. I have a 30% increase in assessed value after a 10% decline last year. The volatility is major.

Exact same as me....Yet my services in my neighborhood seem to be worse ....Mmmmmm.