Peter MacLean

The property owners appealed the current value assessment of their waterfront property for the 2017 to 2022 taxation years.

The Assessment Review Board determined the base current value using the direct comparison approach, preferring the respondent's comparable sales data.

The Board applied a 17.4% negative adjustment to account for poor lot conditions, including significant year-round flooding and a weedy shoreline, consistent with a prior Board decision.

The Board declined to apply a further negative adjustment for proximity to an alleged commercial property due to insufficient evidence.

The final assessed value was reduced to $404,800.