Tristan Bock

The City of Vaughan brought a motion for disclosure of documents from Promenade General Partner Inc. in a property assessment appeal.

The requested documents included full commercial leases, agreements of purchase and sale, and an appraisal report.

Promenade opposed the motion, arguing that the documents contained irrelevant information, that production was disproportionate, and that confidentiality could not be ensured.

The Assessment Review Board granted the motion, finding that the requested documents were relevant to the issues in dispute and that their disclosure was proportionate and necessary for the parties to prepare their cases.

The appellant appealed the 2015 property tax assessment of a vacant commercial lot used for mall parking, which was assessed at $989,000.

The Assessment Review Board rejected MPAC's land residual analysis due to insufficient data verification.

Instead, the Board accepted the appellant's direct comparison approach, determining the current value to be $806,387.

The Board further reduced the assessment to $580,599 based on equity considerations, applying a median assessment-to-sales ratio of 0.72 derived from comparable properties in the vicinity.

The decision also applied to the deemed 2016 appeal.