Tong Li

The appellant appealed the property assessment of their single-family home for the 2022 and 2023 taxation years, arguing the assessed value of $1,100,000 was too high.

The Board reviewed comparable sales evidence from both parties and determined the current value to be $1,008,032.

The Board then preferred the appellant's equity analysis, finding that an 8% equity reduction was required.

The assessment was ordered reduced to $927,390.