Hilliard City Schools Bd. of Edn. v. Franklin Cty. Bd. of Revision

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The state tax auditor assigned a $3.6 million value to an 80-room hotel for the tax year 2005. The owner, KDM and Associates, LLC (KDM) challenged the valuation with the Board of Revision in March 2006. KDM sought to reduce the valuation to $2.4 million, the original purchase price of the hotel. The Hilliard City Schools Board cross complained, and sought to maintain the assessorĂ¢s original valuation. The Supreme Court affirmed the original $3.6 million valuation, finding that accounting discrepancies did not entitle KDM to the reduced assessed-value in the hotel.