Freshwater v. Belmont County Board of Revision

Appellants first argue that the BTA should not have determined the true value of the property to be $782,700 when it previously was valued at $463,000 in 1987, noting that the gross annual income from the property had increased by only about $7,500 during the period from 1987 to 1994. We disagree.

The appellants would have the BTA determine true value only by taking the prior year’s value and then making adjustments to that value based on changes in the income. Appellants’ argument, although not stated as such, is that the prior year’s valuation should be deemed to be correct, and changes in…