A former Ohio country club owner failed to contest a $5.5 million property assessment because a recent sale of the property was “too remote” to accurately reflect its true value for tax purposes, a state tribunal said Monday.
Montrose Club Inc. presented a $3.48 million sale of the club shortly after its assessment date as evidence of the property’s 2020 value, but the property had undergone drastic changes that altered its character due to the sale, the Ohio Board of Tax Appeals said.
It’s “clear that several substantial changes took place to the legal character of the property. The changes ...
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