Is My Municipal Property Value Accurate?

Chances are, it’s not. Municipal values are automated estimates used to calculate your rates and taxes—they’re not professional valuations based on your property’s true market value.

Why These Values Often Miss the Mark

• Automated guesswork: Municipalities use computer models based on past sales data. These models don’t consider your property’s unique features.
• No one visits your home: Most valuations are done without a physical inspection.
• Different purpose: These values are meant for billing, not for buying or selling.

How to Check If Yours Is Off

• Get a market valuation: Ask a Professional Property Valuer to assess your property. They’ll compare it to similar homes recently sold in your area.
• Compare the numbers: If the market value is much lower than your municipal value, you’re probably overpaying.

What You Can Do About It

• Object to the value: It's urgent. Do it yourself (time consuming) or RealRates (Good Value).
• Back it up: Get a written valuation from a Professional Valuer and any other supporting documents.
• Submit your objection: Fill in the form and send it to your municipality before the deadline.
• Need to escalate? If your objection is rejected, you can appeal through the Valuation Appeal Board.