Real Estate Tax Valuations: A New Window of Opportunity!


Wednesday, November 7: 1:45pm – 3:00pm

The last 18 months have been exceedingly confusing with multiple rulings from the Ohio Supreme Court related to the real estate tax valuation question for affordable housing, as there was a deliberate attempt to weaken the 2009 Woda Ohio Supreme Court decision. The industry, however, fought back and secured new wins with the recent Notestine Manor case. We now have a window of opportunity to secure more predictability, and potentially avoid endless legal challenges. This panel will explore where we have been, and discuss the exciting new opportunities before us.


Moderator:

Steve Gladman, Affordable Housing Trust for Columbus & Franklin County
Steven Gladman has over 30 years of experience managing nonprofit and governmental organizations and serves as president as The Housing Trust. He has extensive knowledge of housing issues, housing funding sources, and financing options. Mr. Gladman has attended the U.S. Chamber of Congress Institute for Organization Management, and has earned the certified association executive designation from the American Society of Association Executives. He has an undergraduate degree in political science and a master's degree in adult education, both from The Ohio State University.


Speakers:

Karen Bauernschmidt, Vorys, Sater, Seymour and Pease LLP
Karen is of counsel in the Vorys Cleveland office and a member of the probate and tax group. She has more than 40 years of real property valuation experience from across all of Ohio's 88 counties. Throughout her career, she has successfully reduced real estate taxes on all types of commercial and industrial properties including apartments (conventional and affordable); office buildings; shopping centers and malls; department stores; banks; hotels and motels; assisted living facilities; warehouses; condominiums; distribution centers; recreational facilities and clubs; restaurants; industrial and manufacturing plants. Karen has represented clients in several precedent-setting cases before the Ohio Supreme Court. This includes cases involving:

  • • The methodology for valuation of subsidized and affordable apartment projects;
  • • The requirement of Board of Tax Appeals to state findings of fact and conclusions of law in decisions; and
  • • The rights of property owner to dismiss an appeal before the BTA when the school board has not appealed.

Karen is one of the founding members, and current board member, of the National Association of Property Tax Attorneys. In addition, she is a member of the American Bar Association, the Ohio State Bar Association and its Tax Committee, the Ohio Women's Bar Association, and the Institute for Professionals in Taxation. Prior to joining Vorys, Karen was the owner of Karen H. Bauernschmidt Co. LPA. Karen received her J.D. from Case Western Reserve University School of Law and her B.A. from Wittenberg University.

Mark Snider, Porter Wright Morris & Arthur LLP
Mark counsels clients in a number of industries regarding a range of business concerns. He helps businesses plan for and manage their tax obligations and address tax issues in M&A transactions. In particular, Mark has represented investors and developers in numerous housing and tax credit transactions. His tax work also extends to advising clients as to corporate, partnership and individual tax issues at both the federal and state levels. Mark works with clients to implement business transactions that allow companies to grow and adapt to changing business conditions. His work in this area includes negotiating purchases and sales of businesses as well as entity selection and formation and general business planning. Mark also counsels health care clients regarding tax structuring and transaction issues. Mark has considerable experience representing taxpayers regarding state and local tax issues, including sales and use tax, income taxes, nonresident taxation, and property taxes. Further, Mark has advised landowners and lessees in the oil and gas business regarding federal income tax and state and local tax issues. Mark graduated with a B.S. from Denison University summa cum laude in 2001, and earned is J.D., magna cum laude, in 2004 from Washington and Lee University School of Law.