Progressive Plastics, Inc. v. Testa

{¶ 1} In this appeal, Progressive Plastics, Inc. (“PPI”) challenges the tax commissioner’s decision to increase PPI’s personal property tax assessments for 2004 and 2005. In amending the assessments, the commissioner recomputed the value of PPI’s inventory based on the FIFO (first in, first out) accounting method rather than the LIFO (last in, first out) method, which PPI had used on its books. The Board of Tax Appeals (“BTA”) affirmed the commissioner’s amended assessments, and PPI’s main contention here is that the commissioner lacked an individualized evidentiary basis for issuing and…