Springfield Local Board of Education v. Summit County Board of Revision

The BTA analyzed the evidence before it and found the January 12, 1987 sale price of the Goodyear plant facilities was not the best indication of the value of the Subject property for tax year 1984. The BTA stated that in the absence of a current sale of property, true value in money may be determined by appraisal, utilizing the market approach to value, the income approach or the cost approach. We agree with this analysis.

The BTA noted the record included the auditor’s appraisal report presented at the board of revision hearing, and while no testimony was submitted to the BTA in support of…