The appellants appealed the current value assessment (CVA) of their seasonal, water-access-only property for the 2013 to 2016 taxation years.
The Municipal Property Assessment Corporation (MPAC) recommended a CVA of $170,000.
The appellants argued the property was over-assessed due to numerous deficiencies, including the main structure being built on a shoreline road allowance, an illegal septic system, and various code violations.
The Assessment Review Board found that while $170,000 was a reasonable base value based on comparable sales, a deduction of $39,250 was warranted to account for the costs of remediating serious defects.
The Board reduced the CVA to $130,000 and found no further equity adjustment was required.
