Cambridge Arms, Ltd. v. Hamilton County Board of Revision

The BTA decision is not unreasonable or unlawful, and we affirm it for the reasons which follow.

*338At the BTA hearing, Cambridge Arms presented the testimony of appraiser John H. Garvin; Marlene McDaniel, an employee of the county auditor, testified for appellees.

Garvin estimated the true value of the property to be $4,080,000. His appraisal utilized the income approach to value and the cost approach. He chose four comparable properties which appear to be older than the subject property and do not have amenities common to newer apartments constructed for the elderly and handicapped. He did,…