Gary Charles

The appellant appealed the property assessment of a standard industrial property in Mississauga for the 2013 to 2016 taxation years.

The property was assessed at $10,187,000.

The appellant argued for a reduced assessment of $7,640,000 based on sales comparables.

The Assessment Review Board found the respondent's evidence, which utilized both cost and direct comparison approaches, to be more persuasive and evidence-based.

The Board confirmed the assessment at $10,187,000, finding it reflected the current value and was equitable relative to similar properties in the vicinity.