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Property assessment confirmed at $716,000; appellant's argument for land-only valuation of un-renovated house rejected.
The appellant appealed the property assessment of an un-renovated residential property in Toronto, assessed at $716,000 for the 2013, 2014, and deemed 2015 taxation years.
The appellant argued the property's age and condition were not properly considered and suggested a value of $480,000 based on land value alone.
The Assessment Review Board accepted the evidence of MPAC's expert witness, who provided a comparable sale of an un-renovated property that supported the assessed value.
The Board confirmed the assessment at $716,000, finding it both correct and equitable.
No co-appearing lawyers found.
No judges found.