Taking the Right Tax Course

Option B:   INCORRECT.  In South Euclid/Lyndhurst Board of Education v. Cuyahoga County Board of Revision; C.I.A. Properties, 74 Ohio St.3d 314, 658 N.E.2d 750 (1996) the Ohio Supreme Court reiterated its holding in Ratner v. Stark Cty. Bd. Of Revision (1986), 23 Ohio St.3d 59, 491 N.E.2d 680 that “although the sale price is the best evidence of true value of real property for tax purposes, it is not the only evidence.  A review of independent appraisals based upon factors other than the sale price is appropriate where it is shown that the sales price does not reflect true value.”  South Euclid/Lyndhurst Board of Education, 74 Ohio St.3d at 317.

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