Decision and Order
IN THE MATTER OF AN APPEAL PURSUANT TO S. 50 OF THE ASSESSMENT ACT
CONCERNING:
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Assessor Of Area #14 - Surrey/White Rock
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Appeal No.: |
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Date of Decision: |
January 21, 2010 |
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Property: |
13221 76 Avenue, City of Surrey |
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Board Panel: |
Cheryl Vickers, Panel Chair |
AMEND ORDER
The Board’s Order of January 6, 2010 is amended to correct the following typographical errors as follows:
[18] Linda Richards, on behalf of the Assessor, provides an appraisal report appraising the Property as of July 1, 2007. Ms. Richards determines the value of the site as vacant,...
[24] Ms. Richards places most weight on the estimate of value indicated by the third method in reliance on the sales evidence of both improved and vacant sites. ...
[26] While critical of Ms. Richards' appraisal, ...
[27] On the basis of Ms. Richards' appraisal, ...
[36] The sales provided in Ms. Richard's appraisal ...
[37] While concluding the market value of the Property is in excess of $5.3 million, the Assessor does not recommend the Property be assessed in accordance with Ms. Richards' determination of actual value, ...
[41]..... rounded (using a 7% cap rate). Both of these values are below the market value of the land determined by Ms. Richards’ appraisal at $4,861,000. From a market ...