No. 94-1414 | Ohio | Apr 12, 1995
In Proposition of Law One, Webb argues that the record did not support the BTA’s conclusion that Toledo was experiencing a revitalization and that the BTA could not discredit Garvin’s report on this basis. We agree with Webb. However, we conclude that, even though Garvin’s report cannot be discredited on this basis, the BTA reasonably and lawfully granted greater weight to Szabo’s report and testimony, and we affirm its decision.
According to R.R.Z. Assoc. v. Cuyahoga Cty. Bd. of Revision (1988), 38 Ohio St. 3d 198" court="Ohio" date_filed="1988-08-24" href="https://app.midpage.ai/document/rrz-associates-v-cuyahoga-county-board-of-revision-6760599?utm_source=webapp" opinion_id="6760599">38 Ohio St.3d 198, 201, 527 N.E.2d 874, 877:
“The BTA need not adopt any expert’s valuation. It has wide discretion to determine the weight given to evidence and the credibility of witnesses before it. Its true value decision is a question of fact which will be disturbed by this court only when it affirmatively appears from the record that such decision is unreasonable or unlawful. Cardinal Federal S. & L. Assn. v. Cuyahoga Cty. Bd. of Revision (1975), 44 Ohio St. 2d 13" court="Ohio" date_filed="1975-10-15" href="https://app.midpage.ai/document/cardinal-federal-savings--loan-assn-v-cuyahoga-county-board-of-revision-6755591?utm_source=webapp" opinion_id="6755591">44 Ohio St.2d 13, 73 O.O.2d 83, 336 N.E.2d 433, paragraphs two, three, and four of the syllabus. This court is not a ‘“super” Board of Tax Appeals.’ Youngstown Sheet & Tube Co. v. Mahoning Cty. Bd. of Revision (1981), 66 Ohio St. 2d 398" court="Ohio" date_filed="1981-06-17" href="https://app.midpage.ai/document/youngstown-sheet--tube-co-v-mahoning-county-board-of-revision-6757241?utm_source=webapp" opinion_id="6757241">66 Ohio St.2d 398, 400, 20 O.O.3d 349, 351, 422 N.E.2d 846, 848. We will not overrule BTA findings of fact that are based upon sufficient probative evidence. Hawthorn Mellody, Inc. v. Lindley (1981), 65 Ohio St. 2d 47" court="Ohio" date_filed="1981-03-18" href="https://app.midpage.ai/document/hawthorn-mellody-inc-v-lindley-6757123?utm_source=webapp" opinion_id="6757123">65 Ohio St.2d 47, 19 O.O.3d 234, 417 N.E.2d 1257, syllabus.”
The record does not support the BTA’s conclusion that downtown Toledo was experiencing a revitalization. The appellees point to four suggestions of revitalization, all of which they elicited on cross-examination of Garvin: (1) the renovation of the Valentine Theater, about which Garvin did not know; (2) the conversion of the Port Side marketplace into a COSI facility, of which Garvin was aware, but had no current knowledge; (3) the general success of the Seagate Center branch of the University of Toledo, of which Garvin was aware; (4) the Toledo Public School System’s lease of 20,000 square feet of the subject property, about which Garvin also knew.
In Proposition of Law Two, Webb argues that the BTA should not have granted greater weight to Szabo’s report. To this end, Webb complains that Szabo did not submit a full appraisal of the subject property because he only processed actual net income into an indication of value and did not compare his result with any other valuation approach. Webb also contends that Szabo did not adequately inspect the Secor. Finally, Webb maintains that the vacancy rate Szabo selected was unreliable because Szabo excluded from his analysis several large, vacant office buildings in downtown Toledo.
As we stated in R.R.Z. Associates, supra, the BTA has wide discretion in granting weight to evidence and credibility to witnesses. “Absent a showing of an abuse of that discretion, the BTA’s determination as to the credibility of witnesses and the weight to be given their testimony will not be reversed by this court.” Witt Co. v. Hamilton Cty. Bd. of Revision (1991), 61 Ohio St.3d 155, 157, 573 N.E.2d 661, 663. Webb has not shown any abuse of discretion by the BTA granting more weight to Szabo’s report.
As to Szabo’s capitalizing actual net income, he testified that the rents were within the comparable range of market rents, $8-11; in fact, Garvin also selected $10 per square foot as market rent. Moreover, as to Szabo’s failure to check his income approach against other valuation approaches, Garvin too declined to examine the cost approach. Garvin did not apply a market-data approach; he simply analyzed two sales with disparate sale prices. Szabo’s decision seems warranted in light of Garvin’s findings.
In answer to Webb’s complaint concerning Szabo’s vacancy rate, such rate is Secor’s actual vacancy rate. According to Szabo’s testimony, the rate was also within the range of market vacancies disclosed in a market survey for Toledo. Szabo explained his failure to include the large, vacant buildings in his analysis by stating that the owners of such buildings were seeking tenants who lease larger areas than those offered in the Secor. He testified that these buildings did not
Finally, as to Webb’s complaint that Szabo failed to adequately inspect the Secor, Szabo’s associate, who assisted Szabo in his report, once lived in the Secor and, according to the testimony, was very familiar with it.
We conclude that the BTA did not abuse its discretion in granting greater weight to Szabo’s report and, accordingly, affirm the BTA’s decision.
Decision affirmed.