{"id":6416,"date":"2024-01-12T17:06:47","date_gmt":"2024-01-12T21:06:47","guid":{"rendered":"https:\/\/www.qccrfm.com\/news\/?p=6416"},"modified":"2024-01-13T08:11:38","modified_gmt":"2024-01-13T12:11:38","slug":"nova-scotia-property-assessment-system-bonkers-liverpool-realtor-says","status":"publish","type":"post","link":"https:\/\/www.qccrfm.com\/news\/2024\/01\/12\/nova-scotia-property-assessment-system-bonkers-liverpool-realtor-says\/","title":{"rendered":"Nova Scotia property assessment system ‘bonkers,’ Liverpool realtor says"},"content":{"rendered":"
\"\"

Kristopher Snarby. (Submitted)<\/p><\/div>\n

By Rick Conrad<\/strong><\/p>\n

A Liverpool realtor says it\u2019s time to reassess property assessments in Nova Scotia.<\/span><\/p>\n

Kristopher Snarby says the recent assessment numbers from the Property Valuation Services Corporation are all over the place. And the system needs to change.<\/span><\/p>\n

\u201cMy concern is that there\u2019s just no consistency to any of it,\u201d he said Friday.<\/span><\/p>\n

\u201cPeople should be able to understand why their property went up or down. And it\u2019s just completely random.\u201d\u00a0<\/span><\/p>\n

Nova Scotians began receiving their assessment notices this week.\u00a0<\/span><\/p>\n

The independent, non-profit corporation says <\/span>2024 assessments are based on sales and financial data and reflect a market value as of Jan. 1, 2023, and the physical state of properties as of Dec. 1, 2023, including new construction, renovations, demolitions, and impacts from natural disasters.<\/span><\/p>\n

Nova Scotia\u2019s overall assessments rose by just under 18 per cent.\u00a0<\/span><\/p>\n

Residential property assessments in Queens County rose by 25 per cent. The total residential assessment value for Queens County is $1.978 billion, an increase of just under $400 million.\u00a0<\/span><\/p>\n

Snarby looked at <\/span>10 adjacent homes in Liverpool. He said the increase in assessed value ranged from five per cent to 90 per cent. And the overall average assessment increase for those 10 properties was 44 per cent, he said.<\/span><\/p>\n

\"\"<\/p>\n

He said house sales in Liverpool rose 20 per cent in 2021\/22, but dropped by seven per cent in 2022\/23. In all of Queens County, he says they rose by 17 per cent in 2021\/22 and dropped by three per cent in 2022\/23.<\/span><\/p>\n

\u201cIf they\u2019re saying that the value of a home is based on market sales data, you would think they should rise about the same percentage if nothing has changed with those homes,\u201d he said.\u00a0<\/span><\/p>\n

He said even if the PVSC used sales data from 2021\/22 which showed about a 20 per cent rise in sales in Liverpool, assessments shouldn\u2019t be going up more than 20 per cent.<\/span><\/p>\n

\u201cIf you have houses that have not been touched, they should all go up by the same amount or down by the same amount.\u00a0<\/span><\/p>\n

\u201cIt\u2019s completely bonkers the way this is done. There\u2019s nothing that connects it to any hard, real numbers.\u201d<\/span><\/p>\n

No one from the Property Valuation Services Corporation was available for an interview. But in an emailed statement, a spokeswoman said PVSC uses a standard mass appraisal system, which values a group of properties as of a given date.\u00a0<\/span><\/p>\n

She said if homeowners have concerns, they can speak to a PVSC assessor at<\/span> 1-800-380-7775 or by email at <\/span>inquiry@pvsc.ca<\/span><\/a>. Information is also on their website at pvsc.ca<\/a>.<\/span>\u00a0<\/span><\/p>\n

Homeowners can also file an appeal, but Snarby says that\u2019s a double-edged sword because it might result in a higher assessment.<\/span><\/p>\n

Snarby said the provincial government needs to take a look at the system.<\/p>\n

\u201cA lot of people are hurting right now and when the value of your house is suddenly tripled in a year or more, it\u2019s another thing in life that\u2019s super costly and expensive for people to try to cover these bills.\u201d<\/span><\/p>\n

The deadline for appeals is Feb. 8. Nova Scotians filed more than 13,000 appeals in 2023.<\/span><\/p>\n

Email: rickconradqccr@gmail.com<\/a><\/p>\n

Listen to an audio version of this story below<\/p>\nhttps:\/\/www.qccrfm.com\/news\/wp-content\/uploads\/2024\/01\/newsupdatejan1224.mp3<\/a><\/audio>\n","protected":false},"excerpt":{"rendered":"

By Rick Conrad A Liverpool realtor says it\u2019s time to reassess property assessments in Nova Scotia. Kristopher Snarby says the recent assessment numbers from the Property Valuation Services Corporation are all over the place. And the system needs to change. \u201cMy concern is that there\u2019s just no consistency to any of it,\u201d he said Friday. […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,5],"tags":[188,39,1591,1592,1151,1593,49],"class_list":["post-6416","post","type-post","status-publish","format-standard","hentry","category-community-news","category-news-posts","tag-kristopher-snarby","tag-liverpool","tag-nova-scotia-real-estate","tag-property-assessments","tag-property-valuation-services-corporation","tag-property-values","tag-queens-county"],"_links":{"self":[{"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/posts\/6416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/comments?post=6416"}],"version-history":[{"count":5,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/posts\/6416\/revisions"}],"predecessor-version":[{"id":6427,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/posts\/6416\/revisions\/6427"}],"wp:attachment":[{"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/media?parent=6416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/categories?post=6416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.qccrfm.com\/news\/wp-json\/wp\/v2\/tags?post=6416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}