Harrah’s Ohio Acquisition Co., LLC v. Cuyahoga County Board of Revision

In this appeal involving the real-property valuation of a “racino” in Cuyahoga County, the Supreme Court vacated the decision of the Board of Tax Appeals (BTA) rejecting the appraisal of the Warrensville Heights City School District Board of Education and adopting that of Harrah’s Ohio Acquisition Company, LLC, the property owner, holding that the BTA committed legal error in assessing the school board’s appraisal evidence.This was the third appeal before the Supreme Court involving the valuation of the property at issue. Unlike the two earlier cases, both the school board and Harrah’s submitted appraisal evidence. The BTA ultimately valued the property at $22 million. The Supreme Court vacated the BTA’s decision, holding that the BTA committed legal error in assessing the appraisals presented. View "Harrah's Ohio Acquisition Co., LLC v. Cuyahoga County Board of Revision" on Justia Law