Example 1:
- My assessment increased from $300,000 last year to $330,000 this year, a 10% increase.
- Other assessments in my area increased 1 to 2% and none increased by more than 5%.
There is a significant difference between the change in your assessment and others in your area.
Example 2:
- My assessment stayed the same as it was last year.
- The assessments of properties in my town dropped on average by 12%.
There is a significant difference.
Example 3:
- My assessment increased by 4%.
- Three properties increased by only 1%, 2% and 2.5%.
The difference is small and not significant.
Note: It is probably more accurate to look at all similar properties in your neighbourhood or area.