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Homeowners who live in an area affected by riverbank slumping in the Nutana neighbourhood are celebrating a victory: Some of their property taxes are going down.

Two property owners along 11th Street East appealed the 2017 reassessed value of their properties based on the damage to their property value caused by slope failure.

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They won their appeals — and their victory will be felt by 35 other properties on 11th Street and along Saskatchewan Crescent. Residents in the area had questioned their reassessed home values, some of which had risen above $1 million, since the slumping had made their homes impossible to sell.

“I’m not really happy with the way it worked out, but at least I’ve got satisfaction,” said Patrick Casey, who owns a home on 11th Street.

Casey, along with the owner of a vacant lot on 11th Street, appealed their assessments. The appeal sent the properties back to the city’s assessor for a second evaluation, taking into account the slope failure.