Property assessment for auto dealership confirmed at $9,933,000; appellant's claims of functional obsolescence rejected.
The appellant appealed the property assessments for an auto dealership in Whitby for the 2013, 2014, and deemed 2015 taxation years.
The appellant argued the assessment was too high due to functional obsolescence, narrow frontage, an unprofitable café, and excessive building height.
MPAC relied on the Cost Approach to determine a value of $9,933,000.
The Assessment Review Board accepted MPAC's valuation, finding no evidence to support the appellant's claims of functional obsolescence or negative impact from the building's height and layout.
The Board confirmed the assessment at $9,933,000 and found no equity adjustment was required.
