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Tax refund of $39,223 granted under s. 357 of the Municipal Act for hotel undergoing renovations.
The appellant property owner appealed the municipality's denial of a tax refund application under section 357 of the Municipal Act, 2001 for a hotel property undergoing significant renovations.
The Board found that the property met the requirements for a tax reduction for the 2021 taxation year because repairs prevented its normal use.
Rejecting the municipality's valuation-based approach, the Board accepted the appellant's cost-to-cure approach and ordered a tax refund of $39,223 based on the $3.5 million cost of repairs prorated for the 153 days the property was affected in 2021.
No co-appearing lawyers found.
No judges found.
