The Municipal Property Assessment Corporation (MPAC) brought a motion to estop the appellant from re-litigating the current value assessment of a property for the 2021 and 2022 taxation years.
The parties had previously settled the 2017 to 2020 appeals for the same property, agreeing to a current value of $20,067,000 as of the January 1, 2016 valuation date.
The Assessment Review Board found that the three requirements for issue estoppel were met: the same question was decided, the previous decision was final, and the parties were the same.
The Board declined to exercise its discretion to bypass issue estoppel, finding no injustice in holding the parties to their previous settlement for the remainder of the assessment cycle.
The motion was granted and the assessment was confirmed at $20,067,000.