Recently homeowners in Toronto have received their property tax assessments in the mail and I have been asked for advice on what they can do if they feel the assessment is not an accurate reflection of the value of their home. You can appeal the assessment, and I myself have had success in lowering my property taxes by doing so. This may not be the case for everyone, but it might be something you are interested in pursuing nonetheless.
Metropolitan Property Tax Consultants (416-482-3000) are one of the companies in Toronto that provide such a service. They will charge you half of the amount of the savings on your property taxes, and in the case that there are no savings, there is no charge.
By lowering your property taxes you may not only save yourself money, but also increase the appeal of a property you have listed or are thinking of listing.
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- Elli Davis, Sales Representative for Royal LePage
- In the summer of 1983, I began my real estate career. Within 3 weeks, I sold my first home, a condominium at the well-established 'Granite Place' at Yonge & St. Clair. It was at this point I realized that Real Estate was my true love. I have now been in real estate for 29 years, specializing in Central Toronto areas such as Forest Hill, Rosedale, the Yonge Street Corridor, Waterfront, Moore Park, Lawrence Park, Deer Park, Chaplin Estates, Allenby and the Avenue Road/Lawrence area.
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