Towmotor Corp. v. Lindley

R. C. 5711.18 provides, in relevant part:

“ * * *In the case of personal property used in business, the book value thereof less book depreciation at such time shall be listed, and such depreciated book value shall be taken as the true value of such property, unless the assessor finds that such depreciated book value is greater or less than the then true value of such property in money.”

*54Appellant contends that the use of the “302 Computation” directive does not reflect the true value of its personal property pursuant to R. C. 5711.18. Once a taxpayer makes that allegation, it is incumbent upon…