The appellant appealed the 2023 omitted assessment and the deemed 2024 assessment of a newly constructed single detached dwelling in Mississauga.
The appellant argued the assessment was too high because modern construction methods and materials were used, suggesting a lower value than traditionally built homes.
The Municipal Property Assessment Corporation (MPAC) amended its opinion of current value to $2,202,000 prior to the hearing.
The Assessment Review Board rejected the appellant's proposed comparable properties as they lacked market-tested sales evidence near the valuation day and were substantially older and smaller.
The Board accepted MPAC's comparable sales and assessment-to-sales ratio analysis, finding no equitable adjustment was required.
The Board ordered the assessment reduced to $2,202,000 for the 2024 taxation year and the omitted assessment reduced to $1,459,000, reflecting MPAC's amended valuation.