The appellant appealed the property assessment of his older home, which was returned at $346,000 for the 2015 taxation year.
MPAC recommended a reduction to $306,000 due to the age and condition of the residence, applying a $40,000 obsolescence adjustment.
The appellant argued for a further reduction to the $270,000 to $275,000 range, citing extensive needed repairs.
The Board accepted MPAC's recommended value but further reduced it by $3,000 to exclude an unfinished summer kitchen from the living area measurement.
The Board found the resulting current value of $303,000 to be equitable with similar properties in the vicinity.