Calgary property owners brace for tax assessments

The city of Calgary made its property assessments public Tuesday, and many homeowners want to know why, if the local economy is plunging, the perceived value of their homes isn't as well.

See Full Article

While Calgary homeowners wait to receive their property assessments in the mail, many residents like Ed Cocciardi, who lives in the Tuscany area of Calgary, have already checked online for their assessments.

Cocciardi said he was surprised when he saw his assessment.

"When I checked online, my house was far and above everybody else's, which it really shouldn't have been," he told CTV Calgary, explaining that he may file an appeal.

Nelson Karpa, an assessor with the city of Calgary, said the figures are based on the assessed value of homes on July 1, 2015.

"The way to think about it is, 'What would my property have sold for on July 1, 2015?'" he explained. "And that's really what we're trying to capture in the 2016 assessment notice."

But many residents point out that a lot has changed in the local economy in the last six months as the plunging price of oil has seen the price of homes in the area drop too.

Cocciardi said it's frustrating, because city residents already pay a lot in taxes.

"I think we pay well and enough taxes in Calgary already," he said.

The city says that current real estate values will be reflected in next summer's assessment.

Karpa said overall, the assessments are good news considering the state of the provincial economy.

"We saw a small number of extremely high value properties drop significantly, but the bulk of our assessment base – being moderately priced properties and lower value properties – actually maintain and slightly increase their value," he said.

The city said a typical family will see a one to two per cent drop in this year's assessment compared to last year. The biggest increase will be seen by those who own condos or industrial properties. The biggest decrease will be seen by those with high value homes and downtown office spaces.

With a report from CTV Calgary's Chris Epp



Advertisements

Latest Canada & World News

  • Snow arrives to southern B.C. but weather agency downplays earlier predictions

    Canada News CTV News
    VANCOUVER -- British Columbia's south coast is known for its temperate weather and mild winters, but that norm is being turned on its head this year as temperatures dip and the region is blanketed in snow for the second time in less than a week. Source
  • Encounter with a cop 'made' boy's day after rough year

    Canada News CTV News
    After a difficult year, Nicholas Tyrrell walked into his elementary school classroom Friday, with a newfound spring in his step. After all, the six-year-old student had just received an official patch from a Toronto police officer on duty outside his northwest Toronto school. Source
  • Prince Andrew to press: End false stories about daughters

    World News CTV News
    LONDON -- Britain's Prince Andrew is asking the media to cease "speculation and innuendo" about his daughters, and denies he's feuding with elder brother Prince Charles. Andrew, the third of Queen Elizabeth II's four children, released a strongly worded statement Friday slamming recent newspaper stories "that have no basis in fact. Source
  • Liberals have to 'work very hard' on refugee file in new global context: McCallum

    Canada News CBC News
    The man tasked with bringing thousands of Syrian refugees to Canada says that while most Canadians were quick to embrace them, his government still "has to work very hard" to convince some people to embrace these new arrivals. Source
  • No more Tims for man who says mouse found in cup

    Canada News CTV News
    STEWIACKE, N.S. - A man who says he pulled a dead mouse from a cup of Tim Hortons coffee is asking for an apology from the restaurant chain. Jim Elliott says he bought two take-out coffees two weeks ago from the outlet in Stewiacke, N.S. Source
  • Man acquitted of raping woman in front of husband in 1995

    Canada News CBC News
    Jack Kramer has been found guilty of break and enter and possession of a weapon, but not guilty of the more serious charges of forcible confinement and sexual assault related to a 1995 attack on a woman in her home. Source
  • Boy, 16, arrested following threat against central Ontario schools

    Canada News CTV News
    BRACEBRIDGE, Ont. - Provincial police have arrested a 16-year-old boy after a threat was made via Twitter on Friday morning involving the Trillium Lakelands District School Board in central Ontario. As a result, all Trillium Lakelands schools -- both elementary and secondary -- in Kawartha Lakes, Haliburton County, and Muskoka were put into a hold and secure. Source
  • Women sue groom, event company after being hit by drone

    World News Toronto Sun
    BRENTWOOD, N.H. — Two women are suing a groom and the event company that ran his wedding reception after they allege he flew a drone that hit them in the head at the New Hampshire event. Kneena Ellis, of Seabrook, and Kelly Eaton of Peabody, Massachusetts, claim in their Dec. Source
  • Firefighter: Warehouse missing from fire-inspection records

    World News Toronto Sun
    SAN FRANCISCO — The illegally occupied Oakland warehouse where dozens of partygoers perished in a blaze does not appear in a database fire inspectors use to schedule inspections and may never have been checked for fire hazards, a firefighter with knowledge of the situation told The Associated Press. Source
  • Obama orders review of election campaign hacking

    World News CBC News
    A White House official says the president has ordered a review of the email hacking that rattled the presidential campaign. U.S. President Barack Obama's counterterrorism adviser Lisa Monaco says intelligence and national security officials were told to report their findings to the president before he leaves office on Jan. Source