Nicoll Plumstead

The appellant appealed the property assessment of a waterfront residential property in North Bay for the 2014 and deemed 2015 taxation years.

The Assessment Review Board determined the current value of the property based on its 2012 purchase price and subsequent renovations, setting the current value at $431,000 for 2014 and $467,000 for 2015.

The Board then conducted an equity analysis using the Assessment to Sale Ratio of comparable properties in the vicinity.

Finding that MPAC's methodology resulted in assessments approximately 4% lower than market values in the area, the Board applied an equity reduction, lowering the final assessments to $414,000 for 2014 and $448,000 for 2015.

The appellant appealed the property assessment of a residential condominium for the 2014 and 2015 taxation years.

The Assessment Review Board determined the current value of the property based on sales of comparable properties within the same building.

The Board reduced the assessment from $220,000 to $215,000 for 2014, and from $224,000 to $219,000 for 2015, finding these values to be equitable with similar lands in the vicinity.

The appellant appealed the property tax assessment of a waterfront residential property in North Bay, which MPAC assessed at $196,000 for the 2014 and 2015 taxation years.

The appellant argued the property was in poor condition and sought a value of $150,000.

The Assessment Review Board rejected the direct comparables proposed by both parties due to significant differences in lot size, building size, and condition.

Instead, the Board applied the median Assessment to Sale Ratio (ASR) of 1.19 derived from the parties' sales data to the assessed value, determining the correct current value to be $165,000.

The Board found no further adjustment was required for equity and reduced the assessment accordingly.

The appellant appealed the property assessment of a seasonal recreational dwelling located on Crown land under a Land Use Permit.

The property was initially assessed at $136,000 for 2014, which was reduced to $62,000 during the Request for Reconsideration process.

The appellant sought a further reduction to $29,000, citing difficult water access and fluctuating water levels.

The Assessment Review Board found that the comparable sales provided by the Municipal Property Assessment Corporation were not directly comparable.

Applying an Assessment to Sale Ratio analysis, the Board determined the current value of the property to be $50,000.

The Board found this value to be equitable with similar lands in the vicinity and reduced the assessment accordingly for the 2014 and deemed 2015 taxation years.

The appellant appealed the property assessment of his residential property in Kirkland Lake for the 2013, 2014, and deemed 2015 taxation years.

The appellant argued the property should be coded as a duplex rather than a single-family detached home and that its value was overstated.

The Assessment Review Board analyzed comparable sales provided by both parties and applied an Assessment to Sale Ratio (ASR) to determine the current value.

The Board reduced the assessment from $67,000 (2013) and $64,000 (2014/2015) to $57,000 for all years, finding no further adjustment for equity was required.