Jim McAdam

The appellants appealed the property tax assessment of their custom-built residential dwelling for the 2017 and 2018 taxation years.

MPAC assessed the current value at $846,000, while the appellants argued for a value between $790,000 and $800,000, primarily disputing MPAC's linear trend line method for calculating the time adjustment factor (TAF).

The Assessment Review Board found MPAC's TAF derivation more persuasive than the appellants' proposed polynomial function approach.

After reviewing the comparable properties submitted by both parties, the Board concluded that MPAC's assessed value of $846,000 fell within the appropriate range of values and confirmed the assessment.