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Appeal for equitable reduction of property assessment dismissed due to insufficient evidence of inequity.
The appellants appealed the property tax assessments for a newly constructed office complex in Toronto, arguing that the partial assessment of the property at 80% of its full value was inequitable compared to similar properties in the vicinity.
The Assessment Review Board found that the appellants failed to provide sufficient convincing evidence that the comparison properties were at the same stage of development as the subject property on the valuation date.
The Board also rejected the appellants' expert's reliance on only a portion of the assessed values of mixed-use comparison properties.
The appeal for an equitable reduction was dismissed.
No co-appearing lawyers found.
No judges found.
