Derrick Dupuis

The appellants appealed the property assessment of their waterfront residential property for the 2013-2016 taxation years, arguing the assessed value of $1,601,000 was too high.

The Assessment Review Board heard evidence from three expert valuators.

The Board rejected the respondent's valuation, finding it lacked detailed inspection data and failed to account for the property's irregular shape and shallow waterfront.

Preferring the detailed appraisals provided by the appellants' experts, the Board determined the correct current value of the property to be $1,180,000 and ordered the assessment reduced accordingly.

No further reduction for equity was warranted.