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Property assessment confirmed where adjusted current value exceeded the returned assessment amount.
The appellant appealed the property assessment of a single-family dwelling in Markham for the 2013 and 2014 taxation years.
The appellant argued the assessment was too high given the property's state of repair and comparable sales.
The Assessment Review Board determined the current value of the property to be $499,900 based on comparable sales, but applied an $80,000 reduction for the cost of curing defects, resulting in an adjusted value of $419,900.
Since this adjusted value was higher than the returned assessment of $410,000, the Board confirmed the assessment at $410,000 and dismissed the appeal.
No co-appearing lawyers found.
No judges found.