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Challenging property assessment?
Assessment Review Board Complaint Process
Anyone who remains unsatisfied about the assessed value of a property after going through the reconsideration process with MPAC, may file a complaint with the ARB. The information in this section will assist in filing a complaint. View the ARB's How to File a Complaint pamphlet [pdf format].
Request a Reconsideration by MPAC
After each reassessment, MPAC sends the property owner a Property Assessment Notice that indicates the assessed value of the property as determined by MPAC. Persons who believe the value assigned to the property by MPAC does not reflect its current value, should phone MPAC. Complainants should explain to MPAC why they disagree with MPAC’s valuation and request a reconsideration. If a reconsideration is granted and MPAC agrees to alter the assessment, the parties will sign an agreement that sets out the details of the agreement and the revised assessed value of the property.
Even if MPAC does not agree to change the assessment, this discussion will help complainants to understand how the property was assessed. This will likely help in preparing the case for presentation to the Assessment Review Board should the complaint go to a hearing.
February 18, 2007 in Real Estate Practices | Permalink
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Comments
MPAC assessment process works very much like a slot machine. They drop a coin in, push a button and a random number appears.
2 years ago my condo was assessed at 320k... naturally the highest price paid for a in my building was 280k at that time. I had my real estate agent pull up all sales for the year.
I appealed, and got it lowered to 300k (market worth is somewhere in 280k range).
Last year they sent a new one... at 230k.
It's safe to say people who are doing assessments at MPAC have absolutely zero clue.
Posted by: Alex G | Feb 20, 2007 1:38:44 PM
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