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Riverside Local board authorizes challenge to 2025 valuation of commercial parcel near Target
Summary
The Riverside Local Board of Education voted unanimously to authorize filing a complaint seeking a higher 2025 valuation for parcel 11-8-014-0000-004-0, a commercial lot adjacent to a Target and a Popeyes, citing recent building permits and a sale the district says exceeds the current appraisal.
The Riverside Local Board of Education voted 5-0 to authorize filing a complaint asking county officials to raise the 2025 valuation for permanent parcel 11-8-014-0000-004-0, a commercial lot the board discussed as being adjacent to a Target and a Popeyes.
District legal counsel told the board that recent changes in Ohio law require a board-specific resolution before the district may file a valuation-increase complaint in “large” cases. Counsel said the district believes the property’s recent sale and building permits reflect an increase in market value that the county’s three-year appraisal cycle has not yet captured.
"The state of Ohio has taken a very close look in recent history about the practice that…
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