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Beneficial ownership did not trigger the sports club classification exception.
This property tax assessment appeal concerned the current value and classification of a sports complex for the 2013 to 2022 taxation years.
The tribunal accepted the respondent assessment authority’s comparable-sales land valuation evidence and ACS-based cost approach for the building, rejecting the appellant’s reliance on land tables, actual construction cost evidence, and a lower arena-additive rating.
On classification, the tribunal held that the Sports Club Exception in the General Regulation applies only to legal ownership, not beneficial ownership asserted through trust arrangements.
The property therefore remained in the Commercial Property Class from November 1, 2013 onward, and the assessed values were increased for the land in accordance with the respondent’s evidence.
No co-appearing lawyers found.
No judges found.
