Ohio Tax Appeals Board Orders Higher Valuation of Taxpayer’s Apartment Property

The Ohio Board of Tax Appeals (BTA) ordered a higher valuation of the taxpayer’s apartment property for tax year 2023 rather than the lower assessment by the Franklin County Auditor. The dispute involved the valuation of an apartment property where the taxpayer sought a higher value based on a sale of the property via an entity transfer, while the county had maintained a lower valuation. The Board granted a motion for sanctions filed by the Columbus City Schools Board of Education due to the property owner’s failure to comply with discovery rules, making a negative inference that the evidence would ...