Taking the Right Tax Course

Option C:   PARTIALLY CORRECT.  The Ohio Supreme Court in South Euclid/Lyndhurst Board of Education v. Cuyahoga County Board of Revision; C.I.A. Properties, 74 Ohio St.3d at 314 reasoned that “although the sales price is the best evidence of true value of the property for tax purposes, it is not the only evidence.”  Id. at 317.  The difference here is that the appraisal based upon factors other than the sale price is appropriate where it is shown that the sale prices does not reflect true value.  Where the challenger can show that the sales price is considerably lower than the true value then the use of an appraisal is appropriate to show the true value for tax purposes.

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