Robert Tchegus

The appellants appealed the property assessment of their seasonal waterfront property on Kasshabog Lake for the 2013 and 2014 taxation years.

While the Board accepted MPAC's current value assessment of $318,000 based on sales of comparable properties, it found that the assessment was not equitable when compared to similar island properties in the vicinity.

The Board reduced the assessment to $233,000 to achieve equity under section 44(3)(b) of the Assessment Act.

The decision also applied to the deemed 2015 appeal.

The appellants appealed the property assessment of their vacant waterfront lot on Stoney Lake for the 2013 and 2014 taxation years.

MPAC had assessed the property at $928,000 for 2013 and $616,000 for 2014, but recommended a reduction to $585,000 due to the presence of swamp, weedy waterfront, and steep topography.

The appellants argued for a lower value based on comparable sales.

The Assessment Review Board accepted MPAC's recommendation, finding that the appellants' comparable sales were not truly comparable due to differences in lot size and waterfront quality.

The Board reduced the assessment to $585,000 for the 2013, 2014, and deemed 2015 taxation years, and found no further equity adjustment was required.

The appellants appealed the property assessment of their waterfront seasonal recreation dwelling for the 2014 taxation year, which was assessed at $600,000.

The Assessment Review Board found that the Municipal Property Assessment Corporation failed to meet its burden of proving the assessment was correct, noting the property sold on the open market for $440,000 in October 2013.

The Board determined the current value to be $440,000 and applied a 10% equity adjustment, reducing the final assessment to $396,000 for the 2014 and deemed 2015 taxation years.