Are You Paying Too Much for Your Property Taxes?
When home values were going through the roof, so were real estate tax assessments. Today the value of many homes has dropped.
Therefore, the assessments on some of these homes are no longer accurate. That means that you may be overpaying for your property taxes.
If you believe the assessment you recently received from the Municipal Property Assessment Corporation (MPAC) is inaccurate or excessive, you have the right to challenge it. Believe it or not, there is some good news these days, and this one you can take to the bank. Furthermore, this is a free service.
You can ask for a review of your property assessment through the “Request for Reconsideration (RFR) and Appeals” process. The form is available at www.mpac .ca, or you can call them at 1-866-296-6722.
Go on line and link to the MPAC web site, http://www.mpac.ca/ (then go to: About my property, at the center of the page Click here to login), check your property specifics such as lot size, room dimensions, age, etc. Your next step is to find similar houses in your community with the same specs.
You can get information on up to 24 additional properties of your choice and up to 6 properties selected by MPAC, FREE OF CHARGE. Be prepared to prove to the assessment office that your home has a lower value.
The process is simple and you are able to see the assessed values of similar houses in your neighbourhood.
Your “Request for Reconsideration” form must be filed before March 31 2009. By getting a new assessment of your home value, you could save hundreds and often thousands of dollars each year. A little bit of work on your part can help you put more than a few more loonies in your pocket.
Do you need more information to help you cut your property taxes? Send me an email. Or call me at 416-482-8330 ext. 3519.
Send this information to a friend or neighbour. Click on the “Share This” butom below.
[...] Original post by Utah County Real Estate News: Serving Provo, Orem, American Fork, Lindon, Pleasant Grove, Spanish Fo… [...]
Mallorca Property…
Great job, let the info flow, I will surely be bookmarking this site, very informative, thx!…