Terraza 8, L.L.C. v. Franklin Cty. Bd. of Revision (Slip Opinion)

Citations

• 2017 Ohio 4415
• 150 Ohio St. 3d 527
• 2017 WL 2722562
• 2017 Ohio LEXIS 1157

Syllabus

Taxation-Real-property valuation-Amendment to R.C. 5713.03 enacted in 2012 Am.Sub.H.B. No. 487 applies to valuations for tax year 2013-Under R.C. 5713.03, as amended by 2012 Am.Sub.H.B. No. 487, a recent, arms-length sale price constitutes the best evidence of a property's value, but such a sale price no longer conclusively determines that value as it did under prior law-Decision of Board of Tax Appeals vacated and cause remanded.