Sentences with phrase «true assessed value of the property»

The Band appealed a 2011 tax assessment to the Musqueam Indian Band Board of Review, contending the true assessed value of the property should be its value as residential land.

Not exact matches

For owner - occupied residential properties the assessed value is equal to 10 % of market value (also called true value).

In the initial judicial review hearing Justice Rooke concluded the applicable standard to review the Board's decision was correctness on the basis that the Board's determination that it could increase assessed property value was a true question of jurisdiction — one of the established exceptions to the presumption of deference owed by a reviewing court to a statutory tribunal interpreting its home legislation (see Edmonton East (Capilano) Shopping Centres Limited v Edmonton (City), 2013 ABQB 526 (CanLII) at paras 18 - 31).

It was this «gross disparity» that led the Court to reject Webster County's contention that its assessment scheme was rationally related to its purpose of assessing properties at true current value.

Assessed value is based on, but not equal to, the true value of the property.

It is important to note that the assessed value of a property often does not mirror the true market value.