Legal Opinion
Little Silver, L.L.C. v. Rhodes, C-070715 (7-3-2008)
Ohio Court of Appeals
Decided July 3, 2008No. Nos. C-070715, C-070743Published
1Opinion of the Court
OPINION.
We have removed this case from the accelerated calendar.
{¶ 1} The price paid for real property in a recent, arm's-length transaction is the proper measure of the value of the property for tax purposes. In this dispute over the value of commercial property, the trial court abused its discretion when it overruled the determination of the Hamilton County Board of Revision and lowered the value of the property at issue. For the reasons set forth below, the court's judgment is reversed.
Sale of Property Results in Increased Valuation
{¶ 2} Appellee Little Silver, LLC, has operated a…
2Cases cited8 opinions
- Berea City School District Board of Education v. Cuyahoga County Board of RevisionOhio Supreme Court · 2005
- Myocare Nursing Home, Inc. v. Fifth Third BankOhio Supreme Court · 2003
- Cincinnati Bd. of Edn. v. Hamilton Cty. Bd. of RevisionOhio Supreme Court · 1997
- Pingue v. Franklin County Board of RevisionOhio Supreme Court · 1999
- Cleveland Mun. School Dist. Bd. of Edn. v. Cuyahoga Cty. Bd. of RevisionOhio Supreme Court · 2005
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