Dani-Rae Anttonen

The City of Greater Sudbury appealed the current value assessments of six active mining properties for the 2017 to 2021 taxation years, arguing that the assessments were too low.

The Assessment Review Board determined the current values using the cost approach.

The Board accepted the evidence of the Municipal Property Assessment Corporation (MPAC) and the respondent property owners regarding the reproduction cost new, depreciation, and land value, rejecting the City's proposed adjustments and global depreciation caps as unsupported.

The Board confirmed the current values as determined by MPAC and found no equitable reduction was required.

The City of Greater Sudbury appealed the current value assessments of several active mining properties owned by Vale Canada Limited and Glencore Canada Corporation for the 2017 to 2021 taxation years.

The City argued that the assessments by the Municipal Property Assessment Corporation (MPAC) were too low and sought significant increases.

The Board applied the cost approach to determine the current value, evaluating the reproduction cost new, depreciation, and land value.

The Board rejected the City's evidence, finding it unreliable and based on incorrect premises, and instead accepted MPAC's detailed and transparent costing and valuation methodology, which was supported by the property owners' experts.

The Board confirmed MPAC's current value assessments and found no equitable reduction was required.