PREAMBLE: In most jurisdictions including Ontario, assessment of land (property) is based on its current value. However, having made a value determination, the principle of equity must be considered. The assessment of land has to be equitable with that of similar lands in the vicinity. This requirement may lead to a determination that the assessed value is lower than the current value of the property. Although this requirement seems to be straight forward, assessors, taxpayers and their representatives struggle with this concept. In this webinar, two experienced presenters will discuss how to deal with these issues.