Health Care REIT, Inc. v. Cuyahoga Cty. Bd. of Revision (Slip Opinion)

{¶ 1} This case involves a dispute over the tax-year-2007 value of an improved 6.415-acre parcel in Cuyahoga County. The property is located in an area zoned as a “Senior Residence/Life Care District,” and it is operating as an assisted-living facility.

{¶ 2} In tax year 2007, the county fiscal officer valued the subject property at $8,740,000, consistent with its 2004 sale price. The property’s owner, appellee Health Care REIT, Inc., sought a reduction to $3,100,000, but appellee Cuyahoga County Board of Revision (“BOR”) retained the fiscal officer’s valuation.

{¶ 3} The owner and the…