Woda Ivy Glen Ltd. Partnership v. Fayette County Board of Revision

{¶ 1} Appellant, Woda Ivy Glen Limited Partnership (“Ivy Glen”), appeals from a decision of the Board of Tax Appeals (“BTA”) that affirmed the value that Fayette County assigned to the parcels at issue for the tax year 2004. The parcels are 60 in number and are improved with single-family homes that were built in 2002. The 60 parcels were developed, pursuant to the federal low-income housing tax credit (“LIHTC”) enacted in 1986 and codified at Section 42, Title 26 of the United States Code (“I.R.C. 42”). The auditor utilized a cost-based valuation for tax year 2004 with respect to each of the…