GC Net Lease @ (3) (Westerville) Investors, L.L.C. v. Franklin Cty. Bd. of Revision (Slip Opinion)

*121 {¶ 1} At issue in this real-property tax case is the tax-year-2014 value of a single-tenant office building occupied by J.P. Morgan Chase under a net lease. Under R.C. 5713.03, the fee-simple estate must be valued as if unencumbered. The question presented is whether the Board of Tax Appeals ("BTA") acted reasonably and lawfully by adopting the property's sale price without giving full consideration to the appraisal offered by the property owner.

{¶ 2} In Westerville City Schools Bd. of Edn. v. Franklin Cty. Bd. of Revision , --- Ohio St.3d ----, 2018-Ohio-3855 , --- N.E.3d ----, we…