Columbus Board of Education v. Fountain Square Associates, Ltd.

Appellant argues that the valuation of appellee’s property set by the Board of Tax Appeals is unreasonable and unlawful for the reason that it ignores the recent sales price.

R.C. 5713.03 provides, in part:

«* * * jn 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 shall consider the sale price of such tract, lot, or parcel to be the true value…