The Municipal Property Assessment Corporation (MPAC) brought a motion to dismiss the appellants' property assessment appeals for the 2021 to 2023 taxation years based on issue estoppel.
The appellants argued that the value of the subject property, a shopping mall, should be reduced due to the negative impact of the COVID-19 pandemic on its 'state and condition'.
The Assessment Review Board rejected the 'state and condition' paradigm, adopting previous jurisprudence that the Assessment Act provides for a single valuation day (January 1, 2016) for the taxation years in question.
The Board found that the issue of the property's current value as of January 1, 2016, had already been finally decided between the same parties in a previous settlement for the 2017 to 2019 taxation years.
The Board exercised its discretion to apply issue estoppel and dismissed the appeals.