To the editor:
What on earth is going on with these crazy property assessments?
Our assessment just went from $572,000 to $667,000—an increase of 16.6 per cent in just one year. If I thought we could get anywhere near $600,000 for this house, I would sell today. I’m sure the Real Estate Board could confirm this.
We wondered if our neighbours’ had also increased, so we looked online. The increases for the 10 closest houses on our street were 3.6 per cent, 7 per cent, 8 per cent, 8 per cent, 8 per cent, 10 per cent, 10 per cent, 11 per cent, 11.8 per cent and 13 per cent.
I could accept it if everyone went up the same amount, but where is the logic in this?
With this ridiculous increase added to the new tax hike, we will be paying much more than the 3.5 per cent increase that is being proposed, and of course we will have to pay more every year hereafter.
I would love to know who exactly is responsible for this and exactly how they arrived at this number.