Kenneth Audziss

The appellants appealed the property assessment of their newly constructed single-family dwelling for the 2024, 2025, and 2026 taxation years, arguing the current value should be $370,000.

The Municipal Property Assessment Corporation (MPAC) assessed the value at $510,000 based on the direct comparison approach.

The Assessment Review Board preferred MPAC's evidence, noting that MPAC's comparable sales were time-adjusted to the January 1, 2016 valuation date, whereas the appellants' were not.

The Board found the correct current value to be $510,000 and determined no equitable adjustment was required.