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Property Assesment ? 'MPAC' ?

There was a 'dooknob hanger' at my house yesterday from 'MPAC' - looking for info for a property assesment for tax purposes. Has anyone had any experience with them? Any tips? Important to look after or just as well to ignore

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Permalink Reply by Leslie Barns on December 16, 2011 at 4:39am

I've dealt with them.  They have a model which can be very flawed.  Not sure why they are at your door, but you don't owe them anything unless your property is being assessed.  

Ask your agent to give you a list of the past 3 years for transactions in your neighbourhood.  Put some analytics down in a spreadsheet and extrapolate what it is they want.  From the sounds of it they want some input for assessing a neighbour's house value.  

Permalink Reply by TC on December 16, 2011 at 2:05pm

That's helpful thanks for your input

Permalink Reply by Janet A. on December 19, 2011 at 11:01am

An MPAC representative showed up at my door in the late summer/early fall and wanted to have a look around (although did say that it was optional). I had a sleeping baby, so let him know it was a bad time. He took a peek in the door and announced that he could see the home was updated & went on to our next door neighbors home.

About 4 weeks ago, we got a letter stating that our property value had been revised (up appx 30%) and that this new assessment woudl be used as the basis for setting our property taxes. No increase in our taxes yet, but I assume it's coming. In fairness, the new assessment is probably accurate....

 

Permalink Reply by Leslie Barns on December 19, 2011 at 12:04pm

Make sure it's in line with what you would value your home at.  I demonstrated to them their models were flawed and they did the same to my house.  I told them I'm sure their measurements were correct, but the market value was still wrong.  

Permalink Reply by Avery on December 19, 2011 at 6:45pm

Thanks for the info Janet and Scratch... they were at my door a couple weeks ago, asking questions about whether or not we had done renovations, did we have a garage, is our basement finished, dug down, etc.  I was really really vague with my answers.  I didn't lie, but I wasn't offering up any extra information!

In general, I don't mind a revised property value, and slightly increased property taxes (let's not start up another conversation about that and the mess at city hall!).  But, as Scratch says, it's a flawed system.  Sigh.

Permalink Reply by Andre Gratton on December 27, 2011 at 7:11pm

Had the same thing at our home.  Came and wanted to know what was done since 1992.  Wasn't quite sure what to answer since I have not been here since then.  Had indicated that no major renovations were done externally i'e additions to house but did not let them in.  There assessments are sketchy at best especially if they don't come in and see what work has been done and when.  Standing outside a house and looking at it does not give the real picture of anything.  

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