Legal Opinion
PARK SOLUTIONS, LLC v. DeKALB COUNTY BOARD OF TAX ASSESSORS
Court of Appeals of Georgia
Decided March 23, 2016No. A15A2136PublishedCited by 1 opinion
1Opinion of the Court
MCFADDEN, Judge.
The issue in this appeal is whether a sheriff’s sale of certain real property was an “arm’s length, bona fide” sale under OCGA § 48-5-2 (3) so that the sale price constituted the property’s maximum allowable fair market value for the next taxable year. Because we find that the sheriff’s sale was such an arm’s length, bona fide sale, the superior court’s ruling to the contrary was erroneous and must be reversed.
*833On June 4, 2013, Park Solutions, LLC bought a tract of land for $25,000 at a sheriff’s sale in DeKalb County. The sheriff’s deed provided that Mollye Devault and Robert…
Also in this document: Concurrence.
2Cases cited7 opinions
- Hendry v. HendrySupreme Court of Georgia · 2012
- Aimwell, Inc. v. McLendon Enterprises, Inc.Court of Appeals of Georgia · 2012
- CPF Investments, LLLP v. Fulton County Board of AssessorsCourt of Appeals of Georgia · 2015
- Hubert Properties, LLP v. Cobb CountyCourt of Appeals of Georgia · 2012
- Associates Financial Services Co. v. JohnsonCourt of Appeals of Georgia · 1973
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Dekalb County Board of Tax Assessors v. Astor Atl, LLCCourt of Appeals of Georgia · 2019