Karter’s Korners Thank YOU!

Thanks so much to everyone who came out for our Family Fun Day at Karters’ Korners. I think it’s safe to say everyone had a blast!

Thanks to your generosity we donated 47 pounds of food to the Lanark County Food Bank!

Congratulations to Ashley Roberts, winner of the Amazon Fire Tablet!

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Coming Soon in Stonewater Bay, Carleton Place!

Comingsoon

Stonewater Bay, Carleton Place! 2 story home, 3 bedroom, 2.5 bath, finished basement, in-ground pool, 2 car garage. Roof 2016.

 

Contact me for further details – 613-371-6024 or info@chantalnephin.com

 

 

Paying too much Property Tax?

IF YOU HAVE RECENTLY RECEIVED YOUR 2016 MPAC TAX ASSESSMENT 

READING THIS  COULD SAVE YOU THOUSANDS OF DOLLARS!

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Every four years MPAC sends out a province wide property assessment notice to each property owner in Ontario. The last provincial wide notice was sent out in the fall of 2012 and MPAC is in the process of rolling out the 2016 assessment notice to Ontario homeowners. Lanark County notices will be mailed out April 11th and Ottawa residents will receive their notices starting July 18th.

Ontario homeowners can expect the value of their property to have risen an average of 18 per cent when they get their new assessments as MPAC data shows values rose an average of 4.5 per cent in each of the past four years.

All MPAC assessments are currently based on a January 1, 2016 valuation date. When calculating your new value any increases are phased in over four years using an average market increase in assessed value between January 1, 2012 and January 1, 2016. The full value of a decrease is not phased in but takes effect immediately. The phased-in values for your property should be specified on your Property Assessment Notice.

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I DISAGREE WITH MPAC ASSESSED VALUE OF MY PROPERTY HOW CAN I APPEAL?

If you believe that your tax evaluation is too high you can use MPACs free MyProperty tool to understand how and why your property was assessed the way it was.

You will need your Roll number and Access key located on your Property Assessment Notice to register.

You can register and access the tool by going to: https://www.aboutmyproperty.ca/

Investigate and note the following:

  • Is the assessed value of the property different than similar properties in your neighbourhood?
  • Has the property been incorrectly classified?
  • Is a person wrongly placed on or left off the assessment roll;
  • Is the school support listed correctly?
  • Are other records listed correct? (e.g., wrong lot size, building area)
  • Was the property purchased close to the valuation date for a significantly different amount than the assessed value?
  • Is the value, classification or effective date on the Property Assessment Change Notice or Amended Notice listed correctly?
  • Are there factors that negatively impact the property’s current value, which may not be reflected in the current value assessment (e.g., adjacent buildings which effect value such as rentals or industrial buildings.)

If you feel that your evaluation is incorrect your next step is to contact MPAC and to request the Comparable Properties Report that was used to determine your property value. This report will contain the homes which MPAC picked as the most comparable to yours.

85% of your valuation is based on five key factors.

  1. Location
  2. Lot Dimensions
  3. Living Area
  4. Age of Structure (adjusted for additions or major renovations)
  5. Quality of construction

Rate and take notes on how your home is similar and different from the compared homes using these key factors as a guide.

Perhaps the assessed values used similar type homes but it could be argued they are located in a more desirable location or the comparable properties are on larger lots or have been renovated.

If you recently purchased or renovated your home or secured a new mortgage it is likely the mortgage lender had an appraisal done on your property.  Contact your lender and ask them for a copy of the report.

I can also provide you with a CMA – a Comparative Market Analysis report of similar properties that had recently sold in your neighbourhood.

Both the appraisal and CMA will include comparable properties, photos and the estimated value. If the MPAC value has a higher valuation you can use these reports to help make your case for a reassessment.

To challenge your tax assessment value you need to apply for a ‘Request for Reconsideration’.

The deadline to submit a Request for Reconsideration is 120 days from the issuance date printed on the Property Assessment Notice and this deadline date should be noted on your assessment. The property owner may file an RfR every year if he/she chooses to do so. For non-assessment years the deadline to file must be done prior to March 31st.

There are multiple ways to initiate a Request for Reconsideration:

If writing a letter, please include the 19-digit roll number included on the Property Assessment Notice, the property owner’s full name, address and phone number and the reasons why the assessment may be incorrect. Make sure to include as many reasons as possible as to why your assessment should be lower and key in on the 5 key factors listed above. Also included copies of your home appraisal, CMA and even photos of your neighbourhood.

QUICK STEPS TO APPEAL YOUR MPAC TAX ASSESMENT

  1. Compare your assessed value with similar properties in your neighbourhood to determine if it’s overvalued.
  2. Visit AboutMyProperty.ca to learn more about your property assessment.
  3. Request the Comparable Properties Report from MPAC.
  4. Request your home appraisal from your lender and request a report of similar properties that have recently sold from your real estate agent. (Call Chantal at 613-371-6024 for this free Market report)
  5. When filing your Request for Reconsideration, include compelling reasons and supporting documentation, such as recent home appraisals, sales information of comparable properties, photos, zoning information and estimates for significant repairs.

Some other features that may affect value include:

  • finished basements;
  • garages;
  • pools;
  • fireplaces;
  • number of bathrooms; and
  • the type of heating and air conditioning.

Site features can also increase or decrease the assessed value of your property, such as:

  • traffic patterns;
  • being situated on a corner lot; and
  • Proximity to a golf course, hydro corridor, railway, green space…etc.

The Request for Reconsideration must be filed by the owner, the person who has received the property assessment. There is no fee for filing a Request for Reconsideration (RfR) with MPAC. Filing an appeal can be time-consuming, but well worth it.
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Introducing 100 Mississippi Road, Carleton Place

virtual-tour-138663-02Perfect first home for a couple or young family. This home is well maintained and in a nice family neighbourhood which is walking distance to schools and parks. Minutes to Highway 7 for a short commute into Ottawa.  Huge fenced backyard with deck.

Situated in the popular Westview Heights community this Family home is a short walk away from downtown and a few blocks away from beautiful Riverside park. Riverside park includes two boat launches, a beautiful beach, volleyball court, large picnic area, and a splash pad for children as well as being home to the Carleton Place Canoe Club; Canada’s oldest canoe club.

Minutes away from the amenities of downtown Carleton Place including the recently renovated Farmer`s market as well as the many unique shops and restaurants along the main street. A short commute to Ottawa with the newly expanded 4 lane Highway 7 you can be in Kanata in under 30 minutes.

For more information on this property Click Here

Introducing 68 Peary Way, Kanata

 

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Stunningly updated 3 bedroom 1 bath row unit in Katimavik, Kanata. Open concept kitchen with eat in area, slate floor, slate backsplash, and patio door to back yard. Spacious living and dining room with laminate floors. New berber carpet on stairs & hall. Stylishly updated bathroom with modern fixtures & tiles. Upgraded insulation in attic, new eavestroughs. Fully fenced yard backing onto park.

Located in a popular family community this Condominium is close to all amenities.  Surrounded by parks and wooded trails, close to excellent schools, shopping, restaurants and transit. Great private outdoor pool with lifeguard on duty for those hot summer days, private playground for your kids.
For more information on this property click here.

Introducing 7 Lemaistre Street, Carleton Place, Ontario

virtual-tour-126138-mls-high-res-image-3Perfect first home for a couple or young family. This home is well maintained and in a nice family neighbourhood which is walking distance to schools and parks.  Minutes to Highway 7 for a short commute into Ottawa.   Spacious corner lot fenced on three sides. Home features three bedrooms, two bathrooms and many upgrades. To prepare for sale most rooms have been freshly painted and new laminate floor was installed in the family room. The outside fence was also freshly painted. Other recent upgrades include a new roof in 2006, furnace in 2010 and an air exchanger in 2013. Carpet on stairs will be replaced. Don’t miss out on this fabulous home!

For more information on this property click here.

Introducing 347 Vances Side Road, Dunrobin

virtual-tour-121831-mls-high-res-image-5Located near the Dunrobin community this family home is a short 15 minute drive to Kanata. Walking distance to the beautiful Ottawa River close to Baskin’s Beach and the Port of Call Marina which look across to the majestic Gatineau Hills.

This beautiful Hobby Farm has a large 37×70 barn and 10 acres of fully fenced treed lot. Barn includes 6 stalls, electricity, hay loft, paddocks and sand ring. There is an additional 2 stall barn.

For more information on this property click here

Introducing 36 Conover Street, Ottawa

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Set in the popular Woodvale / Craig Henry Community this family home is within walking distance to many schools and parks. This 3 bedroom, 3 bathrooms single family home features an in-ground pool and fully fenced yard.

Well maintained with renovations recently done to the  kitchen complete with ceramic floors and eat in kitchen, new window and custom trim. Other upgrades include new hardwood floors on main floor living and dining room area as well as renovations to both bathrooms.

The Nepean Sportsplex is nearby with an indoor pool, ice surface, and racquet sports facilities. There are many walking and biking paths connecting the community. Walking distance to lost of schools and parks. A great place to raise your family!

For more information on this property click here

26 McArthur Avenue. Carleton Place, Ontario

Introducing 26 McArthur Ave. Carleton Place, Ontario. Set in the popular Carleton Place community this family home is situated on a quiet cul-de-sac  just steps away from downtown and a short walk from beautiful Riverside park.

Walking distance to many amenities, including schools, restaurants and the Carleton Place Farmers Market. A short commute into the city with the new 4 lane highway.

This custom built home features lots of great decor accents with stain glass window, crown moldings and lighting fixtures. Original owners have kept it well maintained and have done many upgrades.

For more information on this property please click here.

301 Glenbrae Ave. Kanata, Ontario

Introducing 301 Glenbrae Ave. Kanata, Ontario. Set in the popular Kanata community of Brookside.  This home is walking distance to many amenities, including schools, restaurants, coffee shops, bus routes and parks.

This Garand Robert model was built in approx. 2009 and features 2010 square feet of living space, including a finished basement.  A well maintained End unit town home on corner lot, bright, spacious, with plenty of storage and well priced.  There isn’t anything more you could want in a townhome.

For more information on this property please click here.

Contact Me About This Property