Charlotte D. Sloan

The appellants appealed the property assessment of their commercial/residential building for the 2013 taxation year.

The respondent MPAC offered a reduced assessment of $749,000, which the appellants rejected, arguing for a lower value due to flooding issues and neighbourhood decline.

The Assessment Review Board rejected some of the comparable properties proposed by both parties, relying on two of MPAC's comparables to determine a current value of $736,000.

The Board found no equity adjustment was required, as similar properties in the vicinity were generally assessed above their current value.

The assessment was reduced to $736,000.

The appellants appealed the property tax assessment of their mixed-use commercial and residential property for the 2013 taxation year.

The property was initially assessed at $536,000, and MPAC offered to reduce it to $395,000.

The Board rejected most of MPAC's suggested comparable sales due to differences in physical characteristics and the inclusion of business chattels.

Using the two most comparable sales, the Board determined the current value to be $310,000.

The Board found no equity adjustment was required, as similar properties in the vicinity were generally assessed above their current value.

The assessment was reduced to $310,000 for the 2013, 2014, and 2015 taxation years.