How to Determine If the Assessed Value of Your Home Equals Current Market Value

Watch on your mobile device >>


Recently we've all received our 2013 Property Tax Assessments. It's sure nice to think that our home values have gone up but could it be that it's just the assessed value and our taxes on the rise?

If Assessed Values Seem Too High, Request a Review

What should you do?

A. Contact your Regional Assessment Office and ask to speak with your assessor.
- Saint John 643-6200
- Hampton (covers KV) 832-6002

B. By April 2, 2013 detach the middle portion of assessment notice to request a review of assessment by signing and submitting to either the Hampton or Saint John Regional Assessment office.

Homeowners Can Appeal Assessor’s Office Findings

Here’s where we come in. You can choose to appeal the assessor’s office findings by supplying them with demonstrative comparable properties that show today’s marketplace activity. The idea being that you want your home assessed at what buyers would pay for it today.

Numerous Homes Today Are Over-Assessed

Consider this: in just a few short months leading up to this year’s tax assessment notices, numerous listings indicate current values that are significantly lower than what the province deems acceptable. In fact, as mentioned in the video – there are some current listings on the market that have disparities of as much as $56,000. That’s a lot of extra taxable value!
~
To help you determine whether you have a solid case to request a lower assessed value, we will put together a report without any cost to you that will identify comparable properties in your neighborhood. These are homes that have recently sold, gone under contract recently or are currently available on the market. You, and hopefully the Assessor’s Office, will quickly see the comparison that should lead to lower taxes for you!

We invite you to contact us today for your free valuation report so you can win your appeal and start saving money!

Bonus Tip: Monthly Equalized Payment Plan

Clink on this link for application to pay your property taxes with monthly equalized payment plan!

506-333-3669
Barkley@BarkleyBauer.com

Real Estate Market Snapshot for Saint John, Kennebecasis Valley and Surrounding Areas; January-February 2013

Watch on your mobile device >>

We have been experiencing somewhat of a slow period in terms of home sales and despite the apparent challenges in our marketplace there are some good things to report. On this week’s video blog post – we are covering some of the things we have seen through January and February 2013. Looking at the number of homes sold, average price, list-to-sale ratio and the number of Days On Market – it provides a snapshot at what we can expect moving forward.

Single-Family Home Sales Moving Slower Than Last Year
Looking at January and February, so far this year in Kennebecasis Valley, with 292 homes on the market we have reported 32 sales. Compared to the same time in the previous year this is a clear decline in sales. Last year there were a total of 48 sales in Kennebecasis Valley.

In the city of Saint John as well as the Grand Bay-Westfield this year through February, of the 524 single-family homes in inventory we have had 77 single-family homes sell so far versus 107 during the same time frame in 2012.

Average Days On Market and Average List-To-Sale Ratio is Promising
With an average selling price of $278,000 in Kennebecasis Valley and average of 111 Days On Market, sellers are receiving 97% of their list price – a promising trend in our otherwise slow moving marketplace.

In Saint John the average selling price is $142,000 with sellers receiving on average about 93% of asking price.
~
Remember, in a market like ours today sellers will tend to get impatient with the length of time most homes remain on the market. Still, this largely depends on price range. For an accurate estimate according to today’s market, rather than depend on your provincial assessment, contact us today. We will conduct an in-depth analysis of your home in terms of price and time needed to sell.

506.333.3669
barkley@barkleybauer.com