Topic:"Cost Effectiveness" in M12770

w is obstructed by trees. Classification of the subject property was adjusted from resK1entlal taxable to resource taxable. The assessment of neighbouring parcels is not an Indication of market value. In support of the assessed value of th...

AI summary The property's classification changed from residential to resource taxable. The Assessor used three comparable sales to support a $24,000 valuation. The Tribunal confirmed this value, noting the Appellants' $14,000 purchase price was not an open market sale. The assessment was reduced from $55,000 to $24,000, deemed undervalued by the Tribunal.

nd located on a gravel road and was vacant et the time of sale. In the Assessor's opinion these three sales support the subject assessed value and requested the Tribunal to confirm the assessed value. The Tribunal is appointed under the As...

AI summary The Nova Scotia Assessment Appeal Tribunal (NSAAT) confirmed a property's assessed value of $24,000 for 2025 after reducing it from $55,000. The Assessor used three sales to support the value, while Appellants argued the property was purchased for $14,000. The Tribunal rejected this as an open-market sale and found the assessment undervalued but affirmed the $24,000 figure.