HCP EMOH, L.L.C. v. Washington Cty. Bd. of Revision (Slip Opinion)

*379{¶ 1} This case revisits an issue that arises in the context of valuing an assisted-living facility-namely, how should an appraiser go about separating the facility's business value from the value of the realty? The Board of Tax Appeals ("BTA") rejected the method espoused by an appraiser for appellant, property owner HCP EMOH, L.L.C., who relied on apartment comparables to derive an opinion of value for the subject property. The BTA instead adopted the valuation reached by an appraiser for appellees, Washington County Board of Revision ("BOR") and Washington County Auditor (collectively,…