Jai Shree Ganesh, L.L.C. v. Athens Cty. Bd. of Revision

2025 Ohio 4692
CourtOhio Court of Appeals
DecidedOctober 6, 2025
Docket24CA24
StatusPublished

This text of 2025 Ohio 4692 (Jai Shree Ganesh, L.L.C. v. Athens Cty. Bd. of Revision) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jai Shree Ganesh, L.L.C. v. Athens Cty. Bd. of Revision, 2025 Ohio 4692 (Ohio Ct. App. 2025).

Opinion

[Cite as Jai Shree Ganesh, L.L.C. v. Athens Cty. Bd. of Revision, 2025-Ohio-4692.]

IN THE COURT OF APPEALS OF OHIO FOURTH APPELLATE DISTRICT ATHENS COUNTY

JAI SHREE GANESH LLC, : (et al.), : Appellant(s)-Appellant, Case No. 24CA24 : v. : ATHENS COUNTY BOARD OF REVISION, (et al.), : DECISION AND JUDGMENT ENTRY

Appellee(s)-Appellees. :

________________________________________________________________

APPEARANCES:

Karen H. Bauernschmidt and Kelly W. Bauernschmidt, Mayfield Village, Ohio, for appellant.

Carly M. Sherman, Dayton, Ohio, for appellee Federal Hocking Local Schools Board of Education.1 ________________________________________________________________ CIVIL APPEAL FROM THE OHIO BOARD OF TAX APPEALS DATE JOURNALIZED:10-6-25 ABELE, J.

{¶1} This is an appeal from a decision of the Ohio Board of

Tax Appeals (BTA) that valued real property owned by Jai Shree

Ganesh LLC, appellant herein. Appellant assigns the following

1 R.C. 5717.04 states that “all persons to whom the decision of the

board appealed from is required by such section to be sent, other than the appellant, shall be made appellees.” In the case at bar, only one of the appellees, Federal Hocking Local Schools Board of Education, has entered an appearance. ATHENS, 24CA24

errors for review:

FIRST ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL BECAUSE THE BTA INCORRECTLY FOUND THAT THE SNYDER APPRAISAL WAS NOT THE BEST AND THE MOST PROBATIVE EVIDENCE OF VALUE FOR THE COVID 2020 TAX YEAR.”

SECOND ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL SINCE IT RELIED ON A 2019 PRE-COVID SALE TO VALUE THE SUBJECT HOTEL AS OF OCTOBER 1, 2020, IN CONTRAVENTION OF THE EVIDENCE IN THE RECORD.”

THIRD ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL SINCE IT CREATED A HIGHER STANDARD OF REVIEW AND BURDEN OF PROOF FOR A PROPERTY OWNER IN A COVID COMPLAINT.”

FOURTH ASSIGNMENT OF ERROR:

“THE BTA’S RELIANCE ON MICHAEL’S INC. V. LAKE CTY. BD. OF REVISION, BTA NO. 2022-14, 2023 OHIO TAX LEXIS 501 (MAR. 20, 2023) IS MISPLACED WHEN THE MICHAEL’S APPRAISAL EVIDENCE WAS A FINANCING APPRAISAL, WITHOUT A COVID VALUATION DATE AND NOT TESTIFIED OR AUTHENTICATED BY THE APPRAISER AND EXCLUDED AS EVIDENCE BASED UPON HEARSAY.”

FIFTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL WHEN IT REQUIRES THE PROPERTY OWNER’S APPRAISER TO CREATE TWO VALUES–ONE AS OF JANUARY 1, 2020, AND ONE AS OF OCTOBER ATHENS, 24CA24

1, 2020, TO PROVE THE IMPACT OF COVID ON A HOTEL.”

SIXTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL WHEN IT FAILED TO PROPERLY CONSIDER THE PROPERTY OWNERS [SIC] TESTIMONY AT THE BOARD OF REVISION, WHICH WAS UNDER OATH, AND DEMONSTRATED THE FINANCIAL IMPACT OF COVID ON THEIR HOTEL.”

SEVENTH ASSIGNMENT OF ERROR:

“THE DECISION [OF] THE BTA IS UNREASONABLE AND UNLAWFUL, FOR IT FAILED TO RECOGNIZE THE IMPACT OF COVID IN THE HOTEL INDUSTRY.”

EIGHTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL BECAUSE THE BTA INCORRECTLY FOUND THAT [APPELLANT] FAILED TO PROVIDE PROBATIVE AND CREDIBLE EVIDENCE AS TO THE IMPACT OF COVID ON THEIR HOTEL AND THE VALUE OF THE HOTEL AS OF OCTOBER 1, 2020.”

NINTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL SINCE IT RELIED ON A PRE-COVID SALE TO VALUE THE SUBJECT PROPERTY AS OF OCTOBER 1, 2020 WHEN THE EVIDENCE IN THE RECORD DEMONSTRATED THAT THE 2020 COVID NET INCOME WAS SUBSTANTIALLY LOWER THA[N] THE NET INCOME THAT THE PROPERTY WAS ACQUIRED ON IN 2019 AS PROVIDED BY THE PROPERTY OWNERS AT THE BOR AND AS SET FORTH IN THE BROKER’S OFFERING MEMORANDUM FOR THE SUBJECT PROPERTY.” ATHENS, 24CA24

TENTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL SINCE THE BTA FAILED TO CONSIDER THAT THE REVENUE IN SNYDER’S INCOME APPROACH FOR COVID 2020 WAS ‘STABILIZED’ AS REQUIRED BY THE BTA IN THE INCOME APPROACH.”

ELEVENTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL SINCE IT FAILED TO CONSIDER ALL SOURCES THAT APPRAISER SNYDER UTILIZED TO DETERMINE REVENUE.”

TWELFTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL WHEN IT DETERMINED THAT THE BOR ERRED IN CHANGING THE VALUE FOR COVID 2020.”

THIRTEENTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL WHEN THE BTA DETERMINED THAT A PROPERTY OWNER OF A HOTEL CANNOT PROVE THE IMPACT OF COVID ON A HOTEL BASED UPON THE LACK OF OCCUPANCY, DROP IN ADR AND REVENUE.”

FOURTEENTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL WHEN IT DETERMINED THAT THEIR REVIEW OF THE SNYDER APPRAISAL MUST SHOW THE DECREASE IN VALUE FROM JANUARY 1, 2020, TO OCTOBER 1, 2020.”

FIFTEENTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL WHEN IT DETERMINED THAT THEIR REVIEW MUST DETERMINE WHETHER THE COVID DATED APPRAISAL IS MORE PERSUASIVE THAN THE PRE-COVID SALE.” ATHENS, 24CA24

SIXTEENTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE [AND] UNLAWFUL WHEN IT MISCONSTRUED THE TESTIMONY OF APPRAISER SNYDER IN ITS DECISION.”

SEVENTEENTH ASSIGNMENT OF ERROR: “THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL SINCE IT FAILED TO CONSIDER SNYDER’S ANALYSIS IN THE INCOME APPROACH BUT RATHER STATED IT WAS I AND E.”

EIGHTEENTH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL SINCE THE BTA FAILED TO CONSIDER THAT [SIC] ADJUSTMENTS TO THE SALES FOR COVID AND THE CAPITALIZATION RATES FOR COVID.”

NINETEENTH ASSIGNMENT OF ERROR:

“THE BTA DECISION IS UNREASONABLE AND UNLAWFUL WHEN IT MISCHARACTERIZES SNYDER’S INCOME APPROACH AS BEING SIMILAR TO A DISCOUNTED CASH FLOW ANALYSIS SO THAT THE BTA COULD BLANKETLY [SIC] DISREGARD SNYDER’S INCOME APPROACH.”

TWENTIETH ASSIGNMENT OF ERROR:

“THE DECISION OF THE BTA IS UNREASONABLE AND UNLAWFUL SINCE THE FINDINGS OF FACT AND CONCLUSIONS OF LAW ARE AGAINST THE MANIFEST WEIGHT OF THE EVIDENCE.”

{¶2} In July 2019, appellant purchased a 53-room hotel for

$2,350,000. For the tax year 2020, the auditor valued the ATHENS, 24CA24

property at $2,216,130.

{¶3} On August 25, 2021, appellant filed a “Special COVID-

19 Related Complaint Against the Valuation of Real Property,” in

accordance with Section 3 of Substitute Senate Bill 57 (S.B.

57), effective August 3, 2021. Appellant’s complaint requested

a reduction in value from $2,216,130 to $700,000. The complaint

alleged that “COVID caused a decline in Occupancy and Revenues,”

which reduced the value of the property. The Federal Hocking

Local Schools Board of Education, appellee herein, filed a

counter complaint that sought to retain the auditor’s valuation.

{¶4} On October 28, 2021, the Athens County Board of

Revision (BOR) held a hearing to consider appellant’s complaint.

At the hearing, appellant’s representatives, Bhavik and Keyur

Patel, testified that in July 2019, appellant purchased the

hotel property for $2,350,000, based upon expected annual gross

revenue of $700,000. The hotel’s gross revenue for the six-

month period ending in December 2019, was approximately

$400,000. In 2020, COVID caused a decline in occupancy, and the

hotel generated approximately $366,000 in gross revenue. The

Patels stated that if they “were to buy this hotel now, first of

all, [they] wouldn’t buy it, and definitely not at the price

that [they] paid for it.” ATHENS, 24CA24

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2025 Ohio 4692, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jai-shree-ganesh-llc-v-athens-cty-bd-of-revision-ohioctapp-2025.