Worthington City Schools Bd. of Edn. v. Franklin Cty. Bd. of Revision (Slip Opinion)

{¶ 1} This real-property-valuation case concerns the proper valuation of a commercial building consisting of warehouse and office space for tax year 2005. The property owner disagreed with the auditor’s valuation and presented a value using the income approach as an “owner’s opinion of value” to the Franklin County Board of Revision (“BOR”), and the BOR adopted the value suggested by that approach. The Worthington City Schools Board of Education (“BOE”) appealed to the Board of Tax Appeals (“BTA”), which determined that (1) the income-approach valuation offered before the BOR did not qualify…