Bain Apartments Co-Op Inc v. Municipal Property Assessment Corporation Region 09, 2021 CanLII 15229

Tribunals Ontario

Tribunaux décisionnels Ontario

Assessment Review Board

Commission de révision de l’évaluation foncière

ISSUE DATE: February 24, 2021

FILE NO.: WR 168596

Assessed Person(s): Bain Apartments Co-Operative

Appellant(s): Bain Apartments Co-Op Inc

Respondent(s): Municipal Property Assessment Corporation Region 09

Respondent(s): City of Toronto

Property Location(s): 78 100 Bain Avenue

Municipality(ies): City of Toronto

Roll Number(s): 1904-075-130-03500-0000

Appeal Number(s): 3392999 and 3399523

Taxation Year(s): 2019 and 2020

Hearing Event No.: 738665

Legislative Authority: Section 40 of the Assessment Act, R.S.O. 1990, c. A.31

APPEARANCES:

Parties

Representative

Bain Apartments Co-Operative

Roman Andrzejewski

Municipal Property Assessment Corporation

Tony Racioppo

City of Toronto

No one appeared

HEARD: February 19, 2021 by telephone conference call

ADJUDICATOR(S): Caroline King, Vice-Chair

DECISION

OVERVIEW

1The subject is a multi-residential unit Cooperative Housing – Non Equity building located at 100 Bain Avenue (“subject property”) in the City of Toronto (“City”). Under Municipal Property Assessment Corporation’s (“MPAC”) system, the subject property has a Classification of “C Multi-Res”. Appeals were filed on the basis that the $30,079,000 assessment was too high and that the Appellant challenged the number of residential properties included in the roll number. No issue was raised regarding equity. The City did not participate in these appeals.

Result

2At the hearing, MPAC’s representative and the Appellant’s representative reached an agreement about how to resolve the appeals. That agreement is reflected in this order.

3The parties agree that for the 2019 and the 2020 tax year appeals:

a. The property classification is correct;

b. Any issue about the units included in this roll number is resolved; and

c. The assessed value on the roll is to be reduced from $30,079,000 to $28,500,000. $28,500,000 is the correct current value.

4The Assessment Review Board (“Board”) finds that these appeals should be resolved based upon the parties’ agreement.

5The parties have advised the Board that they will apply the same agreement to the 2021 tax year.

ORDER

6The Board orders that the assessment is reduced from $30,079,000 to $28,500,000 for the 2019 and 2020 taxation years.