Salem Medical Arts & Development Corp. v. Columbiana County Board of Revision

Because Salem failed to meet its burden of proving a right to a reduction in value, we affirm the BTA’s decision as to the property’s value. However, we reverse the BTA as to Salem’s motion for sanctions and remand to the BTA to rule on that motion in accordance with this opinion.

In its first proposition of law, Salem argues that the hospital’s purchase of Salem stock was an arm’s-length transaction. And, because the property was Salem’s only asset, the purchase of all of Salem’s stock was the functional equivalent of a purchase on the open market of the real estate itself, thus establishing…