Olentangy Local Schools Board of Education v. Delaware County Board of Revision

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The Supreme Court vacated the judgment of the Board of Tax Appeals (BTA) in this case disputing the valuation of real property retained by an owner after it sold a portion of its property during the tax year at issue and remanded the cause for the BTA to properly determine the value of the subject property. In 2009, the owner of the original parcel conveyed a single condominium unit for the Delaware County Board of County Commissioners for $2 million. For tax year 2009, the Delaware County auditor valued the conveyed parcel at $622,100 and the retained parcel at $1,677,900, for a total value of $2,300,000. The owner argued that the conveyed parcel’s 2009 value must be $2 million, leaving $300,000 as the value of its retained parcel. The Delaware County Board of Revision (BOR) agreed. The BTA reversed and reinstated the auditor’s valuation. The Supreme Court vacated the BTA’s decision, holding (1) the BTA’s finding that the sale was not recent to the tax-lien date was reasonable and lawful; but (2) the BTA improperly reinstated the auditor’s valuation because that valuation incorrectly apportioned 2.815 acres of condominium property to the retained parcel. View "Olentangy Local Schools Board of Education v. Delaware County Board of Revision" on Justia Law