Warrensville Heights City School District Board of Education v. Cuyahoga County Board of Revision

{¶ 1} The Board of Education of the Warrensville Heights City School District appeals from a decision of the Board of Tax Appeals (“BTA”) finding the tax year 2010 value of Thistledown Racetrack in Cuyahoga County to be $13,800,000. The BTA determined that the purchase of the racetrack for $43,000,000 at a bankruptcy sale six months after the tax-lien date did not establish the true value of the property, because “sales conducted under supervision of a court order are forced sales which are not indicative of true value.” BTA Nos. 2012-1715, 2012-1748, and 2012-1749, 2014 WL 1155691, at *2 (Mar.…