The appellants appealed the property assessment of their waterfront residence for the 2017 and 2018 taxation years.
MPAC assessed the property at $1,477,000, while the appellants argued for a value of $1,294,000, citing nuisance and trespassing issues due to the property's proximity to a public beach.
The Assessment Review Board accepted the appellants' expert evidence that the property's location warranted a greater discount than MPAC applied.
The Board reduced the current value assessment to $1,356,000.
