Property assessment of a day care facility confirmed at $1,730,000; appellant's comparables rejected.
The appellant appealed the property assessment of a commercial property operating as a day care facility in Milton, Ontario, for the 2013, 2014, and deemed 2015 taxation years.
MPAC assessed the property at $1,730,000 using the cost approach for the building and residual analysis for the land.
The appellant argued the assessment was too high, suggesting a value between $749,000 and $1,055,000 based on sales of other day care facilities outside Milton and non-day care properties in Milton.
The Assessment Review Board rejected the appellant's comparables due to insufficient similarities and different markets.
The Board accepted MPAC's comparables and confirmed the assessment at $1,730,000, finding it equitable.