ML Waterloo Investors Ltd. v. Akron City School Dist. Bd. of Edn.

2012 Ohio 5156
CourtOhio Court of Appeals
DecidedNovember 7, 2012
Docket26257
StatusPublished

This text of 2012 Ohio 5156 (ML Waterloo Investors Ltd. v. Akron City School Dist. Bd. of Edn.) 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
ML Waterloo Investors Ltd. v. Akron City School Dist. Bd. of Edn., 2012 Ohio 5156 (Ohio Ct. App. 2012).

Opinion

[Cite as ML Waterloo Investors Ltd. v. Akron City School Dist. Bd. of Edn., 2012-Ohio-5156.]

STATE OF OHIO ) IN THE COURT OF APPEALS )ss: NINTH JUDICIAL DISTRICT COUNTY OF SUMMIT )

BOARD OF EDUCATION OF THE C.A. No. 26257 AKRON CITY SCHOOL DISTRICT

Appellee APPEAL FROM JUDGMENT ENTERED IN THE and OHIO BOARD OF TAX APPEALS COUNTY OF SUMMIT, OHIO SUMMIT COUNTY BOARD OF CASE Nos. 2008-M-2091 REVISION AND SUMMIT COUNTY 2008-M-2094 FISCAL OFFICER 2008-M-2096

Appellees

v.

ML WATERLOO INVESTORS, LTD.

Appellant

DECISION AND JOURNAL ENTRY

Dated: November 7, 2012

DICKINSON, Judge.

INTRODUCTION

{¶1} ML Waterloo Investors Ltd. purchased adjacent properties on which there were a

doctor’s office, a used car dealership, and a closed gas station. It razed the buildings in order to

construct a pharmacy. After it began construction of the new building, the Akron City School

District Board of Education filed complaints with the Summit County Board of Revision,

arguing that the value of the properties should be increased to the sale price. ML Waterloo

argued that the sale did not qualify as a recent arm’s-length transaction because it occurred in

January 2008, over a year after the January 1, 2007, tax lien date for which the Board of 2

Education was seeking an adjustment. Following a hearing, the Board of Revision determined

that the evidence did not support a change in valuation. The Board of Education appealed to the

Ohio Board of Tax Appeals, which concluded that the sale price represented the true value of the

properties. ML Waterloo has appealed, assigning as error that the Board of Tax Appeals’

decision was against the manifest weight of the evidence. We affirm because the Board of Tax

Appeals’ determination that the sale was a recent arm’s-length transaction is supported by the

record and there is no evidence that an improvement was added to the properties between the

time ML Waterloo bought them and the Board of Tax Appeals’ decision.

STANDARD OF REVIEW

{¶2} ML Waterloo’s assignment of error is that the Board of Tax Appeals’ decision

was against the manifest weight of the evidence. Under Section 5717.04 of the Ohio Revised

Code, “[i]f upon hearing and consideration of such record and evidence [a court of appeals]

decides that the decision of the board [of tax appeals] . . . is reasonable and lawful it shall affirm

the same, but if the court decides that such decision of the board is unreasonable or unlawful, the

court shall reverse and vacate the decision or modify it and enter final judgment in accordance

with such modification.” According to the Ohio Supreme Court, under Section 5717.04, this

Court “must affirm the [Board of Tax Appeals’] findings of fact if they are supported by reliable

and probative evidence[.]” HealthSouth Corp. v. Testa, 132 Ohio St. 3d 55, 2012-Ohio-1871, ¶

10. We must “afford deference to [the Board of Tax Appeals’] determination of the credibility

of witnesses and its weighing of the evidence” and “reverse [its] findings only when there is a

total absence of evidence to support a particular finding.” Id. at ¶ 10, 14. 3

RECENT SALE

{¶3} ML Waterloo has argued that the Board of Tax Appeals incorrectly determined

that the sale of the properties, which occurred on January 2, 2008, was a recent transaction

regarding the January 1, 2007, tax lien date. It has noted that, not only was the sale more than 12

months after the tax lien date, there was another completely separate tax lien date between

January 1, 2007, and the sale date. It has also noted that, on January 1, 2007, a doctor’s office, a

used car dealership, and a closed gas station were on the properties. They were purchased,

however, so that they could be converted to use as a pharmacy. ML Waterloo, therefore, has

argued that the properties’ January 2008 sale price bears no relation to their January 2007 value.

{¶4} Under Section 5713.03 of the Ohio Revised Code, the county auditor, “[i]n

determining the true value of any tract, lot, or parcel of real estate . . . , if such tract, lot, or parcel

has been the subject of an arm’s length sale between a willing seller and a willing buyer within a

reasonable length of time, either before or after the tax lien date, . . . may consider the sale price

of such tract, lot, or parcel to be the true value for taxation purposes.” ML Waterloo has

acknowledged that, under the plain language of Section 5713.03, the fact that a sale occurred

after the tax lien date does not automatically mean it cannot qualify as a recent arm’s-length

transaction. It also has admitted that the sale of the properties was an arm’s-length transaction.

Its argument, instead, is that the sale was not “within a reasonable length of time” after the tax

lien date. R.C. 5713.03.

{¶5} The Ohio Supreme Court has held that “[t]he reasonableness of the length of

time—sometimes expressed as whether the sale was ‘recent’ relative to the tax lien date—

encompasses all factors that would, by changing with the passage of time, affect the value of the

property.” Cummins Prop. Servs. L.L.C. v. Franklin County Bd. of Revision, 117 Ohio St. 3d 4

516, 2008-Ohio-1473, ¶ 35. “[P]roximity is not the sole factor affecting recency.” Worthington

City Schs. Bd. of Educ. v. Franklin County Bd. of Revision, 124 Ohio St. 3d 27, 2009-Ohio-5932,

¶ 32. “[G]eneral developments in the marketplace are [also] relevant.” Cummins Prop., 2008-

Ohio-1473, ¶ 35.

{¶6} On January 1, 2007, the properties were being used for commercial purposes.

Although ML Waterloo bought the properties intending to change the type of business being

operated on them, it still planned on using them for commercial purposes. ML Waterloo

admitted in its brief to the Board of Tax Appeals that there was no change in the condition of the

properties between the tax lien date and the sale date. In addition, it failed to present any

evidence that there were any market changes between the two dates. The only other recency

factor that ML Waterloo did identify was proximity, but the Ohio Supreme Court has determined

that a sale within 12 or 13 months of a tax lien date may satisfy the recency requirement in the

absence of other material changes regarding the property. Olentangy Local Schs. Bd. of Educ. v.

Delaware County Board of Revision, 125 Ohio St. 3d 103, 2010-Ohio-1040, ¶ 5, 14 (concluding

that 13-month gap between sale and tax lien date was prima facie evidence of the recency of the

sale); Lakota Local Sch. Dist. Bd. of Educ. v. Butler County Bd. of Revision, 108 Ohio St. 3d

310, 2006-Ohio-1059, ¶ 25 (concluding that Board of Revision correctly adopted purchase price

of sale that occurred 22 months after tax lien date as the property’s true value); see also N.

Royalton City Sch. Dist. Bd. of Educ. v. Cuyahoga County Bd. of Revision, 129 Ohio St. 3d 172,

2011-Ohio-3092, ¶ 21 (“Because the sale occurred within a year after the tax-lien date, and

because [the property owner] offered no evidence of a change in market conditions between the

lien date and the filing of the conveyance-fee statement, the sale was ‘recent’ for purposes of

R.C. 5713.03.”). Upon review of the record, we conclude that the Board of Tax Appeals 5

correctly determined that the January 2008 sale was recent enough to constitute “an arm’s length

sale . . . within a reasonable length of time” under Section 5713.03.

IMPROVEMENT TO THE PROPERTY

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