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Real Property Law - Real property tax - Assessment - Methods - Valuation of land - Business property - Methods of - Factors affecting - Market value

Thursday, October 13, 2016 @ 8:00 PM  

Appeal by Deer Lodge Hotels from a decision by the Saskatchewan Municipal Board, Assessment Appeals Committee. This was the lead decision in relation to 11 assessment appeals by Saskatoon hotels and motels. In 2013, a provincial tax reassessment was conducted for all properties valued as of a January 1, 2011 base date, limited to market data occurring in the calendar years of 2008 through 2010. For 2013, the appellant’s hotel was assessed at $31.5 million based on a capitalization rate in respect of two similar properties...