Leanne Field

The appellant appealed the 2016 property tax assessments for two newly constructed commercial condominium units.

MPAC assessed the units at $324,000 and $330,000 based on sales within the same building from 2015 and 2016.

The Assessment Review Board rejected MPAC's comparable sales as being too far removed from the January 1, 2012 valuation date.

Relying instead on 2011 and 2012 sales of similar units in a comparable building by the same builder, the Board reduced the assessments to $309,400 and $315,900.

The Board declined to make an equity adjustment and found it lacked jurisdiction to order the municipality to reconcile accounts or strike penalties.