Powderhorn Country Club v. Lake County Bd. of Rev., 2007-L-071 (3-7-2008)

OPINION

{¶ 1} Appellant, Powderhorn Country Club, LLC, appeals from the March 23, 2007 decision of the Ohio Board of Tax Appeals. For the following reasons, we affirm.

{¶ 2} Substantive and Procedural History

{¶ 3} On March 30, 2005, appellant ("Powderhorn"), filed a real property tax valuation complaint for the 2004 tax year with the Lake County Board of Revision ("BOR"). In August 2004, Powderhorn purchased the property together with all the business fixtures and personal property for $4,100,000. The property, on which is situated a country club and golf course, consists of eight parcels of…