Upon remand from the Ohio Supreme Court, the Board of Tax Appeals recently ruled in favor of a taxpayer’s valuation of its personal property using a different method than the statutorily prescribed “302 Computation.” The taxpayer presented a retrospective appraisal report prepared after the relative tax valuation dates. The BTA accepted the taxpayer’s valuation as probative evidence of the property value as of the relative tax lien dates, overruling the Tax Commissioner’s objections. Although the personal property tax has been repealed, this case provides helpful support for real estate valuations.

Steve represented the taxpayer, WCI Steel, Inc., in this case.