In 2024 my home took a huge jump for property assessment asking $689,000.00. I was offered $4000 off and because everything jumped I shrugged it off.

 

 

This year the Town of Okotoks, felt an equally high increase should be reasonable and my assessment jumped from $689K to $795K.

 

My neighbors on either side were assessed as follows:

124 Hodson Cres: 2024 $504K, 2025 $588K

120 Hodson Cres: 2024 $368K, 2025 $445K

127 Hodson Cres: 2024 $443K, 2025 $494K

 

I can keep going but essentially I am hoping to reduce my assessment back down to $650-$680K

 

Rebuttal to the 2025 Assessment of 122 Hodson Crescent, Okotoks, Alberta

Subject Property Overview:

Address: 122 Hodson Crescent, Okotoks, AB
Property Type: Bungalow (1 Story & Basement)
Year Built: 1979
Above-Grade Floor Area: 1,371 sq. ft.
Basement Area: 807 sq. ft.
Lot Size: 10,441 sq. ft.
2025 Assessed Value: $795,000
Introduction:
This rebuttal challenges the 2025 assessment of the subject property, asserting that the valuation exceeds the market value based on comparable sales of similar properties in Okotoks between 2021 and 2024.

Market Analysis:
 An examination of the Okotoks real estate market reveals the following trends:

The benchmark price for detached homes in Okotoks increased from $625,600 at the end of 2023 to $690,100 by the end of 2024, marking a 10.3% rise.

Despite this growth, the average home price in Okotoks at the end of 2024 was $612,400.Western Wheel Article Jan 2025
Comparable Sales Analysis:
Several comparable bungalow sales, as selected by Nathan Hanberry for his report, in Okotoks between 2021 and 2024 indicate that the subject property's assessment may be inflated:

10 Suntree Lane - (Community with a Higher Value than Tower Hill)
Sale Date: April 9, 2024
Lot Size: 9,580 sq. ft.
Time-Adjusted Sale Price: $693,500
Above-Grade Floor Area: 1,438 sq. ft. - Larger sqft
 
Assessment: $720,000

302 Suntree Place (Community with a Higher Value than Tower Hill)
Sale Date: May 31, 2023
Lot Size: 
Time-Adjusted Sale Price: $647,000
Above-Grade Floor Area: 1,691 sq. ft.
Assessment: $655,000

3. 90 Suntree Lane (Community with a Higher Value than Tower Hill)

Sale Date: January 19, 2023
Lot Size: 8,073 sq. ft.
Time-Adjusted Sale Price: $758,500
Above-Grade Floor Area: 1,575 sq. ft.
Assessment: $712,000

 
51 Suntree Lane (Community with a Higher Value than Tower Hill)
Sale Date: November 18, 2022
Lot Size:
Time-Adjusted Sale Price: $733,500
Above-Grade Floor Area: 1,623 sq. ft.
Assessment: $740,000
 

34 Lock Crescent (Community with a Higher Value than Tower Hill)

Sale Date: July 15, 2021
Lot Size: Approximately 12,197 sq. ft. (0.28 acres)
Time-Adjusted Sale Price: $661,600
Above-Grade Floor Area: 1,244 sq. ft.
Assessment: $670,000

 

34 Lock Crescent 2024/2025 Comparable as the Closest possible to our Home based on your list taking into account that Lock Crescent sells for More, This lot is larger than mine, The home is 100sqft less than mine. And it does NOT back onto Milligan.

This evidence presented by you - Assessed by the town of Okotoks,  shows my home is over valued since You assessed it with more land at $670K for 2025. My second garage is not equivalent to $115K for a build. The way my smalled land space was used should not penalize beyond what the market can hold and I still back on to Milligan which isnt a selling point but a depreciating qualifier.

 

 

 

 

 

Tower Hill Bungalow Sales (2021–2024)
112 Hodson Crescent
Year Built: Not specified
Garage: Detached double-car garage
Lot Size: 5,059 sq. ft.
Sale Price: $514,900
Floor Area: 1,106 sq. ft.
Sale Date: Not specified
Source: Diane RichardsonHomesEh+11Diane Richardson+11calgary-real-estate.com+11

135 Carr Crescent
Year Built: Not specified
Garage: Detached garage with 220V wiring
Lot Size: Not specified
Sale Price: $589,999
Floor Area: 1,139 sq. ft.
Sale Date: Not specified
Source: Diane RichardsonZolo+10Diane Richardson+10Justin Havre Real Estate Team+10Reddit

127 Waldron Avenue
Year Built: Not specified
Garage: Oversized 21' x 21' garage
Lot Size: 5,275 sq. ft
Sale Price: $625,000
Floor Area: 1,256 sq. ft.
Sale Date: Not specified
Source: Diane RichardsonDiane Richardson+1Justin Havre Real Estate Team+1

113 Waldron Avenue
Year Built: Not specified
Garage: Not specified
Lot Size: 4,791 sq. ft.
Sale Price: $529,900
Floor Area: 1,093 sq. ft.
Sale Date: Not specified
Source: My Real PageReddit+10My Real Page+10calgary-real-estate.com+10

107 Carr Crescent
Year Built: Not specified
Garage: Not specified
Lot Size: 5,166 sq. ft.
Sale Price: $560,000
Floor Area: Not specified
Sale Date: Not specified
Source: ZoloJustin Havre Real Estate Team+2My Real Page+2Justin Havre Real Estate Team+2Diane Richardson+2Zolo+2teamthiessen.com+2

105 Carr Crescent
Year Built: Not specified
Garage: Not specified
Lot Size: 5,274 sq. ft.
Sale Price: $474,900
Floor Area: Not specified
Sale Date: Not specified
Source: ZoloZolo
Assessment Comparison:

The subject property, with an above-grade floor area of 1,371 sq. ft., is assessed at $795,000.

Comparable properties with larger floor areas have lower assessments and sale prices, indicating a potential overvaluation of the subject property.dwsoldhomes.com

Conclusion:
 The assessment of $795,000 for 122 Hodson Crescent appears to exceed the market value when compared to similar properties in Okotoks. Given the data from comparable sales, a reassessment to align with actual market trends is warranted to ensure fairness and accuracy in property taxation.

 

 

To visually support the rebuttal regarding the 2024 assessment of 122 Hodson Crescent, an aerial map illustrating the locations of the subject property and its comparable sales in Okotoks, Alberta, is provided below. This map offers a spatial perspective on the proximity and distribution of these properties within the town.

Aerial Map: 122 Hodson Crescent and Comparable Properties in Okotoks

Map Legend:

Red Marker: Subject Property – 122 Hodson Crescent

Blue Markers: Comparable Properties in Higher Priced communities

10 Suntree Lane
302 Suntree Place
90 Suntree Lane
51 Suntree Lane
34 Lock Crescent
308 Suntree Place RE/MAX+12kirbycox.com+12real-estate.ca+12

 

Green Markers: Comparable Properties in my community
112 Hodson Crescent
135 Carr Crescent
127 Waldron Avenue
113 Waldron Avenue
107 Carr Crescent
105 Carr Crescent

 

Observations:

The subject property and the comparable properties are all situated within established neighborhoods of Okotoks, such as Suntree, Tower Hill, and Central Heights.

The proximity of these properties suggests they share similar community amenities, access to services, and neighborhood characteristics, which are pertinent factors in property valuation.real-estate.ca+1Chamberlain Real Estate Group+1

Conclusion:
 The aerial map underscores the geographical closeness of the subject property to its comparables, reinforcing the argument that the assessment of 122 Hodson Crescent should be aligned with the market values of similar properties in its vicinity.

 

The Longest fence of our property borders Milligan unlike all the other properties but 1 in suntree that is set back from Northridge Dr with green space and a slight hill.  We also have many louder events at the Rec center that carry sound into our yard and may be seen as a disadvantage.