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FINANCE - Taxation - Real or immovable property assessment - Principles - Equity - Classes - Commercial - Methods of assessment - Appeals - Courts

Thursday, April 20, 2017 @ 08:39 AM  

Appeal by the Municipal Property Assessment Corporation (MPAC) from a decision by the Assessment Review Board in favour of the respondent, Loblaw Properties. The respondent owned and operated a grocery store on the edge of a ravine, near a subway station, with unobstructed views of downtown Toronto. The present zoning permitted 200,000 square feet of residential gross floor area. The property currently included an 18,180 square foot single-storey grocery store and a surface parking lot. The respondent appealed the 2006 through 2012 taxation assessments on the...