Chandelle Hamilton

The appellant appealed the property assessments for an industrial property in Etobicoke for the 2013 to 2016 taxation years, which MPAC had returned at $1,738,000.

The appellant argued the value should be reduced to $1,535,000.

The Assessment Review Board preferred the valuation analysis provided by the appellant's expert, finding that the comparable sales relied upon were more similar to the subject property in terms of lot and building size.

The Board reduced the assessment to $1,535,000 and found no adjustment for equity was required.

The appellant appealed the property tax assessments for an industrial property for the 2013 to 2016 taxation years, arguing the returned value of $18,474,000 was too high and should be reduced based on the direct comparison approach.

The respondent MPAC argued the cost approach was more appropriate for a purpose-built single-tenant building and supported the returned value.

The Assessment Review Board accepted MPAC's expert evidence that the cost approach was the best indicator of value and found no basis to adjust the assessment for equity.

The appeals were dismissed and the assessments were confirmed.