RNG Properties, Ltd. v. Summit Cty. Bd. of Revision (Slip Opinion)

{¶ 1} This real-property-valuation case addresses whether the Board of Tax Appeals (“BTA”) acted reasonably and lawfully when it rejected a contractual allocation of a 2010 asset purchase price to determine property values for tax *456year 2008. Appellant, RNG Properties, Ltd., the owner-taxpayer, sold a large industrial-warehouse business in 2010, including several parcels of Akron-area real estate, and urged the BTA to adopt the contractual allocation of the purchase price to certain properties; that allocation would then become the basis for the valuation of those parcels. The BTA, however,…