Lone Star Steakhouse & Saloon of Ohio, Inc. v. Franklin County Board of Revision

In this real property valuation case involving tax year 2012, the Supreme Court reversed the decision of the Board of Tax Appeals (BTA) adopting the Franklin County Board of Revision’s (BOR) rejection of the sale price of the property at issue as the criterion of value and instead retaining the county auditor’s valuation. On appeal, the BTA found that the sale was too remote in relation to the tax-lien date. The Supreme Court remanded the case with instructions that the BTA use the sale price to value the property for tax year 2012, holding that the BTA misapplied court precedent in determining that the sale was too remote. View "Lone Star Steakhouse & Saloon of Ohio, Inc. v. Franklin County Board of Revision" on Justia Law