Don Bennett

The appellant appealed the 2015 property assessment of a single-family detached home, originally assessed at $1,866,000.

The appellant's expert appraiser provided evidence of comparable sales in close proximity to the subject property, supporting a current value of $1,300,000.

The respondent relied on comparable properties located further away and with a higher quality of construction classification.

The Assessment Review Board accepted the appellant's expert evidence, finding the current value to be $1,300,000, and reduced the assessment accordingly.

A further reduction based on equity was deemed unwarranted.