Les J. Nalezinski

The appellants appealed the property assessment of their residential condominium unit for the 2013, 2014, and deemed 2015 taxation years.

MPAC assessed the current value at $237,000, while the appellants argued for $220,000 based on sales of matching units.

The Assessment Review Board analyzed time-adjusted sales of three similar inside non-waterfront units in the same complex, determining an average square foot value.

Applying this to the subject property, the Board reduced the assessment to $233,000 and found no further adjustment for equity was warranted.

The appellants appealed the property tax assessments for three condominium units in Brockville for the 2013 and 2014 taxation years.

The Municipal Property Assessment Corporation had assessed the units at $272,000, $265,000, and $272,000.

The Assessment Review Board analyzed recent sales of comparable properties in the vicinity and determined that the average square foot value supported a current value of $250,000 for each unit.

The Board found this value to be equitable and reduced the assessments accordingly, with the decision also applying to the deemed 2015 appeals.