Ohio Appeals Board Finds Education Board’s Property Tax Valuation Challenge Lacked Sufficient Evidence

The Ohio Board of Tax Appeals (BTA) Jan. 8 found that the Cleveland Metropolitan Schools Board of Education failed to provide sufficient evidence to establish the subject property sold should have an increased property tax valuation. The subject property, improved with apartments, was sold via an entity transfer. The education board requested that the valuation of the property at the time of sale be increased. The Cuyahoga County Board of Revision upheld the valuation. The education board protested, where the BTA concluded: 1) sufficient evidence to determine the nature of the transaction wasn’t presented by the education board; 2) the ...