# Pingue v. Franklin County Board of Revision

> Ohio Supreme Court · October 20, 1999 · 87 Ohio St. 3d 62

URL: https://www.frixlaw.com/law-library/cases/6780531

## Case

- **Full name:** Pingue v. Franklin County Board of Revision
- **Court:** Ohio Supreme Court
- **Decided:** October 20, 1999
- **Citations:** 87 Ohio St. 3d 62; 717 N.E.2d 293
- **Precedential status:** Published
- **Opinion:** Concurrence by Pfeifer
- **Judges:** Cook, Douglas, Moyer, Pfeifer, Resnick, Stratton, Sweeney
- **Cited by:** 13 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/6780531

## Opinion text

Pfeifer, J.,
concurring. My views regarding the relative worth of appraisals versus purchase price in real estate valuations were made clear in my concurrence in Dublin-Sawmill Properties v. Franklin Cty. Bd. of Revision (1993), 67 Ohio St.3d 575, 577-578 , 621 N.E.2d 693, 694-695 . In Dublin-Sawmill, I wrote that “[t]he best way to determine value of property is through appraisal,” and that “[b]lind reliance on purchase price to determine fair market value of real estate is simplistic and naive.” Id. Here, however, as in Dublin-Sawmill, the appraisal was faulty, and should be given no weight. The way to appraise the condominiums in this case was as a bulk purchase. That was the reality. Instead, the Wightman appraisal was based on the wishful thinking that the condominiums had been sold individually.
While “purchase price should be regarded as only ‘some evidence of value,’ ” Dublin-Sawmill at 578, 621 N.E.2d at 695 , purchase price was the only reliable evidence in this case. Therefore, the BTA’s valuation should have been based on the actual purchase price. I accordingly concur.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/6780531. Public record. Not legal advice.