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tax assessments: Tax Assessents are in! - 09/30/08 05:31 PM
Have you received your 2008 property assessment form from MPAC?
Most of the people I've spoken to state their homes have increased in assessed value close to $30,000 since 2005. My home's assessment was $37,000 and it's a condo. We have done no improvements to the interior and any improvements made by the condo corporation to the exterior have been more than covered by the annual increases demanded for condo fees. So why the impressive increase?
Despite the other factors the official flyer mentions, assessments are based mostly on recent sales in your neighbourhood. A lot of condo's have sold on our street over the … (2 comments)

tax assessments: Nervous about property tax assessment increases? - 04/12/08 11:35 AM
The January 1st lift on the three-year assessment freeze means some homeowners could see double-digit increases in property taxes this time around. The government, in a moment of benevolence, has decided to spread such increases over the next four years.
If you recall, the freeze on increases was caused by homeowner complaints that MPAC was conducting unfair and innaccurate assessments. An investigation resulted in 20 recommendations for improvements including some charges to the Crown for the way they communicated with property owners.
According to reports, MPAC has completed 10 of the 20 tasks thus far and is continuing on the rest. Communiction was a vital requirement for … (0 comments)

 

Robert Morrow

Hamilton, ON

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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