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Property assessment for a seasonal island cottage reduced from $316,000 to $300,000 based on comparable sales.
The appellants appealed the MPAC property assessment of their seasonal, water-access island cottage on Lake Temagami for the 2017 and 2018 taxation years.
MPAC assessed the current value at $316,000, while the appellants argued for a value of $235,000 due to the property's basic construction, lack of hydro, and distance from the access point.
The Assessment Review Board analyzed comparable sales provided by both parties.
The Board concluded that the property's correct current value was $300,000, reducing the assessment accordingly.
Property assessment reduced to $300,000 for a seasonal island cottage on Lake Temagami.
The appellants appealed the MPAC assessment of their seasonal, water-access island property on Lake Temagami for the 2017 and 2018 taxation years.
MPAC assessed the current value at $316,000, while the appellants argued for $235,000 due to the property's basic construction, lack of hydro, and distance from the access point.
The Assessment Review Board analyzed comparable sales and determined that the subject property's current value was $300,000, reducing the assessment accordingly.
Consent adjournment granted due to respondents' counsel leaving their law firm.
The respondents requested an adjournment of the scheduled hearing because the lawyer with carriage of their case left the firm and other lawyers were unavailable.
The applicant consented to the request.
The Tribunal granted the adjournment, finding that the circumstances justified a brief delay, and directed the parties to provide new available dates.
