Oberlin Manor, Ltd. v. Lorain County Board of Revision

In appeals from boards of revision, the BTA determines the true value of the subject property. R.C. 5717.03. On appeal, this court decides whether that decision is unreasonable or unlawful. R.C. 5717.04. In the instant case, we find that the BTA’s decision is unreasonable and unlawful.

In Alliance Towers, Ltd. v. Stark Cty. Bd. of Revision (1988), 37 Ohio St. 3d 16, 523 N.E. 2d 826, paragraphs one and two of the syllabus, we held:

“1. For real property tax purposes, the fee simple estate is to be valued as if it were unencumbered. (Wynwood Apartments, Inc. v. Bd. of Revision [1979], 59 Ohio St.…