Cleveland Board of Education v. Cuyahoga County Board of Revision

We affirm the decisions of the Board of Tax Appeals.

Because there had been no recent sale of the property in question, both First Union and the board of education relied upon expert appraisers in order to establish its true value. State ex rel. Park Invest. Co. v. Bd. of Tax Appeals (1964), 175 Ohio St. 410, 25 O.O.2d 432, 195 N.E.2d 908.

First Union contends that the BTA erred in accepting Racek’s appraisal, claiming that Racek erroneously valued the property based on its future highest and best use, rather than its current use as a parking lot. First Union contends that Porter v. Cuyahoga…