Many of you may be in the same shoes as I and many of my clients. We have received the tax assessment for the year 2009. According to the Municipal Property Assessment Corporation (MPAC) my house went up $70,000. In reality my house went down approximately 5% from last year. A lot of my clients have been calling me to verify whether their assessments are inline with actual market values. The most extreme case that I have seen was MPAC assessing a home at $2 Million when comparable homes in the area were nowhere near that value. So I enlisted the help of a real estate appraiser and his appraisal value came out to $1.5 Million. We are now taking this report to challenge MPAC’s value and reducing my client’s property tax. In the end he will be paid for his troubles, saving approximately $4,000.
If you would like to challenge your MPAC value, you are not alone because I am here to help you. I can analyse your home with you on the phone or by email and we can establish whether or not your assessment is over assessed. There are no costs for this initial service. Areas that I service are: Toronto Real Estate, Mississauga Real Estate, Brampton Real Estate, Oakville Real Estate, Richmond Hill Real Estate, Markham Real Estate, Aurora Real Estate, Newmarket Real Estate and Vaughan Real Estate
Are you thinking of Buying or Selling a home and would like to discuss your options?
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