Mark Hotte

The appellant appealed the property assessment of a 139.57-acre vacant waterfront property on the Ottawa River.

MPAC assessed the property at $1,876,000 for the 2013-2016 taxation years.

The appellant argued the assessment was too high and sought a reduction to $467,000.

The Board found that both parties had difficulty finding comparable sales.

The Board preferred MPAC's comparables of smaller buildable lots on the Ottawa River and determined that the subject property could potentially be severed into two buildable parcels.

The Board concluded the correct current value was $1,200,000 and reduced the assessment accordingly.