Nursing Home Valuation Must Separate Real Estate From Business Activity

BVLaw
Court Case Digests
April 26, 2018

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (1,385 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
8051 Skilled Nursing Care Facilities
623110 Nursing Care Facilities (Skilled Nursing Facilities)
state taxation (incl. ad valorem)
goodwill, purchase price allocation, expert testimony, appraisal, real estate, personal property, tax assessment
Arbors East RE, L.L.C. v. Franklin County Bd. of Revision
2018 Ohio LEXIS 885
US
State Court
Ohio
Supreme Court
Samuel D. Koon (appellant); unknown (appellee)
Per Curiam

Summary

In tax assessment dispute involving nursing home, high court says where facility performs business activity and real estate activity, tax appraisal must separate business value from real estate value; Board of Tax Appeals failed to ensure proper allocation of sales price among assets.

See Also

Arbors East RE, L.L.C. v. Franklin County Bd. of Revision

Full Text of Court Cases
April 26, 2018

In tax assessment dispute involving nursing home, high court says where facility performs business activity and real estate activity, tax appraisal must separate business value from real estate value; Board of Tax Appeals failed to ensure proper allocation of sales price among assets.