Tanya Djurdjevic

The appellant appealed the 2013 and 2014 property tax assessments for a contiguous 5.16-acre parcel improved with multi-residential townhouse structures.

The properties were assessed at a combined current value of $9,676,000.

The appellant argued for a 50% reduction due to the dilapidated condition of the properties at the time of acquisition.

The Assessment Review Board dismissed the appeal and confirmed the assessments, finding that the appellant's recent purchase of the properties for $10,000,000 as a redevelopment site was the best indicator of current value.

The Board rejected the appellant's expert evidence for failing to account for this recent market sale.