City of Edmonton delivers Updated Property Assessments!
The City of Edmonton has mailed out revised assessments to all property owners in the city. This information will be used to distribute the city budget among property owners and is based on property values at Juy 1st 2009. Read CBC’s report or watch the news clip.
This report states that prices dropped significantly last year which is true if you compare June 2008 to June 2009 single family average sale prices ($381,384 and $369,859 respectively). However if you compare the average sales price of a single family home at December 2008 with December 2009 there was actually an increase. The average sales price in December 2008 was $351,870 while the average price in December 2009 was $366,761.
Some people mistakenly believe that the value provided by the city accurately reflects their current property value. It’s important to remember that the city has not personally inspected every home and so is unaware of all the differences between homes which might affect the value of your property. If you feel that your property is inappropriately assessed, you have 60 days to appeal with the city. On May 1st the city will send out this year’s tax notices.
If you want a more up-to-date estimate of value for your home, you can get a quick market evaluation via email right here on our site. Just click here and we will provide you with our estimated range of value via email. And if you need a more precise valuation, please contact us via email at Schmidt@WeSellEdmonton.com or by phone at 780-437-2030 to request a FREE On-Site Market Evaluation!
Submitted by Kathy Schmidt, Broker Owner of Schmidt Realty Group Inc.
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