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Revise property assessment

The Editor, Every year at this time of the year, homeowners complain about the high values imposed on their homes, though nothing has been sold on their street or the next street for a number of years.

The Editor,

Every year at this time of the year, homeowners complain about the high values imposed on their homes, though nothing has been sold on their street or the next street for a number of years.

The property assessment process, used for so many years, seem to be crude.

Sometimes if there are no sales in your vicinity, sales of homes two or three blocks away are used as a tool of comparison to value your property.

Again, it seems that the system is not uniform. While exchanging notes, I came across a property downtown that was valued at half price of its sold value a year earlier. I wonder which criteria were applied.

We hear everyday that we are heading towards recession, but our home values have increased by 30 per cent.

Where do we complain about these injustices?

At this day and age with modern technology and a vast source of information, one would expect a more realistic process of assessing property values.

S. Ramji

Richmond