Olentangy Local Schools Bd. of Edn. v. Delware Cty. Bd. of Revision (Slip Opinion)

{¶ 1} This real-property-valuation case concerns the proper valuation for tax year 2010 of a 29.307-acre, undeveloped tract that is made up of three nonconti-guous parcels and was purchased on February 1, 2007, for the development of ranch condominiums. Because two of the three parcels were in the current-agricultural-use-valuation (“CAUV”) program on the tax-lien date, this decision will, as a practical matter, affect only a single, .659-acre parcel, the market value of which is to be determined as part of an economic unit with the other parcels. The county auditor originally valued the…