The Ohio Supreme Court recently ruled that an Ohio taxpayer could file a second value complaint regarding the value of their real property within a 3 year period if, unlike the first complaint, the second complaint alleges a change in circumstances that were not taken into consideration in the original complaint.  In the case of Akron Centre Plaza LLC v. Summit County Board of Revision, the Ohio Supreme Court found that because Akron Centre Plaza had a decrease of 15% in their occupancy after filing their original complaint, there was a sufficient change in the circumstances that were considered in the initial complaint, to require the hearing of a second complaint. 

This is an important ruling for commercial property owners who seek a reduction in their property value for tax purposes and have suffered decreases in their occupancy.  The attorneys at Ritter & Randolph, LLC are experienced in representing property owners throughout the property valuation complaint process.