Ohio Tax Appeals Board Orders Adjustment of Taxpayer’s Office Building Valuation

The Ohio Board of Tax Appeals (BTA) ordered an adjustment of the taxpayer’s office building valuation. The case involved the valuation of an office building for tax year 2024, where the Greene County Auditor had determined a total true value of $1,135,140, while the taxpayer sought a value of $501,000. The Board of Revision retained the Auditor’s value. At the Board of Tax Appeals hearing, the taxpayer presented an appraisal valuing the property for $685,000 as of Jan. 1, 2024. The Board found the taxpayer’s appraisal to be the best evidence of value, discerning no obvious problems with the appraisal ...