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Date Entered: 04/01/2010
Subject: Property Tax – Sale Price Problem
Attachment: 104.pdf (Original file name: TDP Case Study-Sale Price Problem.pdf)
Comment: Service New Brunswick reduced the assessment by 29% despite a recent sale of the property at more than its assessed value. Since assessments are based on market value, and the sale price is commonly accepted as prima facie evidence of market value, a knowledgeable and informed assessor was a prerequisite to resolving the problem. To learn more, click on the attachment and view this PDF document using an Acrobat Reader Plug-in (available as a free download from the Adobe Web Site, www.adobe.com). Case Studies is a free service provided by Turner Drake & Partners Ltd. to decision makers with property portfolios in Canada. In order to assist clients better understand how they can utilise our services to improve their bottom line, we have provided information on actual assignments conducted by our various Divisions. Case Studies are archived on the public area of our web site at www.turnerdrake.com/newsresearch/casestudies.asp. You can unsubscribe at anytime by hitting “reply”, typing “unsubscribe” followed by your name and e-mail address, and hitting “send”.