home appraisal| the municipal evaluation?

the municipal evaluation?




Every time a new municipal assessment roll is filed, the question comes back to homeowners: can I rely on this information to know the value of my home?

Homeowners and future home buyers are sometimes tempted to refer to the municipal assessment to determine the value of a house or condo. This is not a good indicator of the current market value of the property.

Here's why the municipal assessment should not be taken into account when setting the selling price of a house:

municipal assessment

The property assessment roll is filed every 3 years
The property assessment roll is the inventory of buildings included in the territory of a municipality. It shows the value of each property established by the city's appraisal service.

The Act respecting municipal taxation provides for new property assessment rolls to be filed every 3 years. It is with this information that the amount of municipal taxes that a landlord will have to pay is determined.

The market is changing, the municipal evaluation remains
Between the time when the City's appraisal service determines the value of the property and the time when the new land roll comes into effect, a delay of 1½ years elapses.

For example, a property assessment roll of the city of Quebec was filed on September 15, 2015 and came into effect on January 1, 2016. The values ​​listed therein were then based on market conditions as of July 1, 2014. *.

Thus, until the coming into force of the following role, the municipal valuation remained a reflection of data collected in 2014. However, during all this time, the real estate market continued to evolve, as well as the value of the properties. .

How to establish the value of a house without taking into account the municipal evaluation?
DuProprio offers its clients effective evaluation assistance tools to help them set the price of their property. Vendors have access to comparable products. When these tools are not enough (for example, if it is a property with special characteristics), then you can do business with an accredited appraiser.