The Supreme Court of Canada has ruled the City of Edmonton can raise the property taxes of Capilano Mall. This argument goes back to 2011 over what’s the appropriate rate for major land holders.
Capilano Mall filed a complaint with the assessment review board suggesting the city’s assessment was out of line, because of the definition of what the property was. In the mall’s view it was a community centre. To the assessor it was a power centre, looking at the Walmart and how much per square foot taxes should be charged.
The City of Edmonton was looking to increase the property value to $45 million. The Assessment Review Board raised it to $41 million from $31 million.
In a 5-4 ruling the Supreme Court said, it was “reasonable” for the board to increase the assessment, because of “it’s expertise” and since board’s like this don’t usually explain their reasons.
Mayor Don Iveson on the big picture said this has wide implications. “This isn’t just about Capilano. This is a huge win for us on assessment.”
Chief financial officer Todd Burge said the implications the other way would have been bad news for the city.
The ruling said, “the appeal should be allowed, the decision of the Court of Appeal set aside and the board’s decision reinstated.”