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Property assessment reduced to $373,000 based on comparable sales; further equity reduction denied.
The appellants appealed the property assessment of their residence in Tay Valley Township for the 2013 and 2014 taxation years.
MPAC had assessed the property at $420,000 but offered to reduce it to $373,000 during the Request for Reconsideration process.
The appellants sought a further reduction based on the assessment of a neighbouring property.
The Assessment Review Board accepted MPAC's valuation evidence based on four comparable sales and found insufficient evidence to warrant a further reduction for equity.
The assessment was reduced to $373,000.
No co-appearing lawyers found.
No judges found.