Delhi Estates, Ltd. v. Hamilton County Board of Revision

This is another appeal involving the determination of the true value of subsidized real property. We affirm the decision of the BTA.

The parties to the appeal apparently concede the applicability of Alliance Towers, Ltd. v. Stark Cty. Bd. of Revision (1988), 37 Ohio St.3d 16, 523 N.E.2d 826, and related cases, but each levels criticism at the opponent’s appraisal.

The BTA stated: “[T]he income approach is the most appropriate method of valuation to use in the calculation of value on an income-producing property.”

The BTA found:

“Specifically, with regard to valuation of subsidized housing, the…