Case Summary

The appellant appealed the omitted assessments of two newly constructed commercial condominiums for the 2016 taxation year. MPAC assessed the units at $324,000 and $330,000 based on a January 1, 2012 valuation day. The Assessment Review Board found that MPAC failed to meet its statutory burden under s. 40(17) of the Assessment Act to prove the correctness of the current value, as its sales evidence was either not comparable or too far removed in time, and its path to value relied on arbitrary component adjustments. Because the appellant also provided no evidence of current value, and there was no previous uncontested assessment to revert to (as the units were newly created), the Board held that the appropriate remedy was to set the assessments at zero. The omitted assessments for both units were reduced to $0.