Ohio Tax Appeals Board Vacates Prior Order, Adjusts Franklin County Property Value

The Ohio Board of Tax Appeals granted a motion to correct its prior order, vacated its prior Decision and Order, and reissued its determination for tax year 2023, increasing the subject property’s value. The appeal arose after the taxpayer challenged the Franklin County Board of Revision’s decision to retain the county auditor’s valuation. The taxpayer argued that a recent transaction supported a lesser value. The Board found sufficient evidence that the property was transferred through an entity transfer that constituted a sale for real property valuation purposes under Columbus City Schools Bd. of Edn. v. Franklin Cty. Bd. of Revision, ...