Lakeside Avenue Ltd. Partnership v. Cuyahoga County Board of Revision

The issue for our consideration is whether the BTA’s valuation of the property was unlawful or unreasonable. For the reasons that follow, we find that the BTA’s decision was both unlawful and unreasonable, and, accordingly, we reverse the decision of the BTA.

R.C. 5713.03 provides, in part:

“In determining the true value of any tract, lot, or parcel of real estate under this section, if such tract, lot, or parcel has been the subject of an arm’s length sale between a willing seller and a willing buyer within a reasonable length of time, either before or after the tax lien date, the auditor…