Olmsted Falls Board of Education v. Cuyahoga County Board of Revision

{¶ 1} Appellant, M & B Olmsted, L.L.C., appeals from a decision of the Board of Tax Appeals (“BTA”) that adopted an increased valuation of the property at issue. The BTA predicated the increase on an appraisal offered by the Olmsted Falls Board of Education (“school board”) at the hearing before the Cuyahoga County Board of Revision (“BOR”). The BTA rejected the BOR’s valuation of the property at $325,000 and adopted a true value of $1,200,000 for the tax year 2003, a figure that represents an increase of 369 percent over the $325,000 value that the BTA attached to the property for the tax…