Columbus City Schools Bd. of Edn. v. Franklin Cty. Bd. of Revision (Slip Opinion)

{¶ 1} This real-property-valuation case concerns the proper valuation for tax year 2005 of a 240-unit apartment complex in northeast Franklin County. Appellee Albany Commons, Ltd., the property owner, sought a reduction from the original valuation of $13,600,000 to $9,720,000. Ultimately, appellee Franklin County Board of Revision (“BOR”) in a two-to-one vote adopted the appraisal valuation of $9,338,000 proposed by James Horner, a certified appraiser and member of the Appraisal Institute (“MAI”). The Board of Tax Appeals (“BTA”) affirmed.

{¶ 2} Appellant, the Columbus City Schools Board of…