Rickenbacker Port Authority v. Limbach

We hold that, under R.C. 4582.46, port authority property leased for more than one year does not qualify for exemption from real property taxes.

R.C. 4582.46 states:

“The exercise of the powers granted by sections 4582.22 to 4582.59 of the Revised Code will be for the benefit of the people of the state, for the improvement of their health, safety, convenience, and welfare, and for the enhancement of their residential, agricultural, recreational, economic, commercial, distributional, research, and industrial opportunities and is a public purpose. As the operation and maintenance of port…