Ryan R. Parker

The appellants appealed the property assessment of their 52.92-acre farm property for the 2017 and 2018 taxation years.

MPAC assessed the property at $787,000 for 2017 and $724,000 for 2018, while the appellants argued the value should be $690,000.

The Assessment Review Board analyzed comparable sales presented by both parties, focusing on farmer-to-farmer sales within a year of the valuation date.

The Board determined the median value of the most comparable sales was $13,218 per tillable acre, resulting in a current value of $699,000 for both taxation years.

The appeal was allowed in part and the assessments were reduced accordingly.

The appellants appealed the MPAC property tax assessments for their 50-acre farm property for the 2017 and 2018 taxation years.

MPAC assessed the property at $694,000 for 2017 and $686,000 for 2018, while the appellants argued for a value of $520,000.

The Assessment Review Board reviewed comparable sales presented by both parties, adjusting for time and focusing on tillable acreage.

The Board concluded that the correct current value of the property was $665,000 for both taxation years and reduced the assessments accordingly.

The appellants appealed the property tax assessment of their farm property for the 2017 and 2018 taxation years.

MPAC assessed the current value at $1,000,000 for 2017 and $971,000 for 2018, while the appellants argued for a value of $950,000.

The Assessment Review Board reviewed comparable sales presented by both parties and determined that valuing the property based on tillable acreage was the most appropriate method.

Applying the median time-adjusted value per tillable acre from four comparable sales, the Board reduced the current value to $959,000 for both taxation years.

The appellants appealed the MPAC property tax assessments for their 50-acre farm property for the 2017 and 2018 taxation years.

MPAC assessed the property at $828,000 for 2017 and $686,000 for 2018, while the appellants argued the current value was $550,000.

The Assessment Review Board evaluated comparable sales evidence from both parties, applying a time adjustment factor to account for a rising market.

The Board determined the median value of the most comparable sales was $13,218 per tillable acre.

Consequently, the Board reduced the current value of the subject property to $661,000 for both the 2017 and 2018 taxation years.

The appellants appealed the Municipal Property Assessment Corporation's (MPAC) current value assessment of their 97.18-acre farm property for the 2017 and 2018 taxation years.

MPAC assessed the property at $1,191,000 for 2017 and $1,026,000 for 2018, while the appellants argued for a value of $860,000.

The Assessment Review Board analyzed comparable farm sales, focusing on tillable acreage and soil classes, and determined that the correct current value was $1,007,000 for both taxation years.

The Board ordered the assessments reduced accordingly.

The appellants appealed the property tax assessments of their farm property for the 2017 and 2018 taxation years.

The Assessment Review Board reviewed comparable sales data, soil classifications, and topographical features to determine the current value.

The Board found that valuation based on tillable acreage was most appropriate and applied a time adjustment factor to comparable sales.

The 2017 assessment was reduced from $1,709,000 to $1,576,000, while the 2018 assessment was confirmed at $1,545,000 as the respondent did not seek an increase.