Marc Serré

The appellant appealed the property tax assessment of his 72-acre farm property for the 2017, 2018, and 2019 taxation years.

MPAC had assessed the property at $379,000.

The Board found that the property should be valued as farmland under section 19(5) of the Assessment Act, rejecting MPAC's alternative non-farm valuation.

Relying on MPAC's farm sales data, the Board determined the current value to be $370,000.

The Board then applied an equitable reduction under section 44(3)(b) of the Act, finding that similar properties in the vicinity were assessed at 90.3% of their current value, resulting in a final assessment of $334,000.