LTC Properties, Inc. v. Licking County Board of Revision

{¶ 1} LTC Properties, Inc., which owns Chestnut House Assisted Living, a congregate-care assisted-living facility in Newark, Licking. County, contests the tax-year 2007 valuation of its property as found by the auditor, as retained by the Licking County Board of Revision (“BOR”), and as affirmed by the Board .of Tax Appeals (“BTA”). On the merits, LTC contends that the auditor overvalued its property by predicating his cost-based valuation on the cost schedule for nursing homes and private hospitals rather than on the cost schedule for apartment buildings with 20 to 39 rental units. LTC…