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Some Evidence May Be Enough Evidence for Property Valuation Cases

In the case of Colerain Capital, L.L.C. v. Hamilton Cty. Aud., 2023-Ohio-56, the appellate court rejected a property owner’s challenge to the higher real property valuation as there was evidence in the record to support the county auditor’s higher valuation.

In this case, the property owner challenged the real property valuation arguing that (1) neither the auditor nor school board provided any evidence to support the valuation and (2) any evidence that was provided cannot be considered recent comparable sales as such transactions were beyond 24 months. In response, the auditor and school board argued that there was evidence in the record to support the higher valuation (e.g., the auditor’s calculation was based, in part, on a computer assisted appraisal that was within one percentage of the school board’s appraisal), and evidence beyond 24 months can still be considered by the fact-finder along with other competent evidence. The appellate court agreed with the school board and county auditor and affirmed the property valuation.

To read this case, click here.

Authors: Matthew John Markling and the McGown & Markling Team.

Note: This blog entry does not constitute – nor does it contain – legal advice. Legal jurisprudence is like the always-changing Midwestern weather. As a result, this single blog entry cannot substitute for consultation with a McGown & Markling attorney. If legal advice is needed with respect to a specific factual situation, please feel free to contact a McGown & Markling attorney.

 

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