We looked at a house that was going for less than the evaluation price. Our realtor told us that if we presented the papers to the city of how much we paid, vs. how much the taxes were, our rate would be adjusted accordingly.
Yeah, I didn't have my act together enough to contest the evaluation last year - plus we didn't yet have our final papers from the lawyer to say what we paid (we got them 6 months after closing!) This year I might try.
When I bought a duplex in 1989 in Montreal, the city adjusted the evaluation to the sale price for our "welcome tax" and our first property tax bill. Of course, that was up from the previous evaluation. I thought it was automagically changed to the sales price.
One of the uses for the municipal evaluation is to establish the ratio of value between land and buildings.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
no subject
It might be worth a try.
no subject
no subject
One of the uses for the municipal evaluation is to establish the ratio of value between land and buildings.