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Ship considered a structure

Captain John’s floating restaurant has hit another legal shoal in its efforts to steer clear of high property taxes.

Captain John’s floating restaurant has hit another legal shoal in its efforts to steer clear of high property taxes.

A panel of three judges has ruled the vessel moored at the foot of Yonge Street is, for legal purposes, a “structure.”

And that means it must pay property tax on the same basis as shore-bound buildings.

Restaurant owner John Letnik had appealed his assessment in 2007 as his taxes crept up to about $36,000 — double what they were in the 1990s.

Letnik’s business is housed in the M.S. Jadran, a 90-metre former cruise ship that has been moored in the same spot for more than three decades. He pays a monthly fee for use of the dock, plus property taxes of more than $36,000 annually.

The court ordered Letnik’s company to pay $7,500 in legal costs to the Municipal Property Assessment Corp.

 
 
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