Balco Realty, L.L.C. v. Cuyahoga Cty. Bd. of Revision

Citations

• 2021 Ohio 3349

Syllabus

R.C. 5717.04 appeal of Ohio Board of Tax Appeals decision transfer of limited liability company membership arm's-length sale of real property. The Board of Tax Appeals decision to uphold the county's original tax valuation of the property in issue and reject appellant's proposed increase based on the asserted sale price was not unlawful or unreasonable. Appellant failed to provide credible evidence to substantiate that the transfer of the limited liability company membership interests was merely an arm's-length sale of real property only entitled to valuation at the alleged sale price.