Saturday, July 13, 2024
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Alleyn and Cawood DG answers key questions about property valuation

A town hall meeting was hosted in Alleyn and Cawood on Saturday for residents of the municipality hoping to better understand why their property valuations were up by 370 per cent, which they first learned of when they received their property assessment with their tax bill last winter.
The meeting was hosted by the task force of residents, local elected officials and municipal staff that formed this spring to raise awareness and advocate for changes to what they say is a flawed property assessment process.
Isabelle Cardinal, Alleyn and Cawood’s director general and also a member of the task force, was among those hosting the town hall. THE EQUITY spoke with her ahead of the meeting to get some key questions answered.
Answers have been edited for length and clarity.
Q: How are property valuations currently performed?
A: What happens is every municipality has what is called a triennial roll. It’s a research of the real estate market. An evaluator from the MRC looks at all the properties that were sold, including in the 18 months before this triennial roll is deposited, and they just go through and compare the sale price of properties sold with the current municipal evaluation.
That usually gives you a figure. So for example, in our . . .

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