Beavercreek Towne Station, LLC v. Greene County Board of Revision

In this property-tax appeal concerning the 2014 tax valuation of a shopping center consisting of five separate real estate parcels, the Supreme Court vacated the decision of the Board of Tax Appeals (BTA), holding that the BTA erred by excluding evidence offered to show the value of one parcel and by failing fully to consider the appraisal evidence.The auditor in this case assigned an aggregate value to the parcels of $22,233,850 as of the tax-lien date. Thereafter, the center was sold along with other properties. Both the Board of Revision and the Board of Tax Appeals (BTA) valued the individual parcels by reference to the aggregate price of $47,479,830. Property owner Beavercreek Towne Stations, LLC and one of its tenants, Kohl’s Illinois, Inc., appealed, arguing, inter alia, that the BTA erred by excluding Kohl’s as a party and excluding the appraisal evidence concerning the value of the Kohl’s parcel. The Supreme court agreed, holding (1) the BTA erred by excluding evidence offered to show the value of the Kohl’s parcel; and (2) the BTA’s failure to fully consider the appraisal evidence necessitated vacating the BTA’s decision and remanding the cause pursuant to Terraza 8, LLC v. Franklin County Board of Revision, 83 N.E.3d 916 (Ohio 2017), and Bronx Park S. III Lancaster, LLC v. Fairfield County Board of Revision, __ N.E.3d __ (Ohio 2018). View "Beavercreek Towne Station, LLC v. Greene County Board of Revision" on Justia Law