Georgia Court of Appeals
Park Solutions, LLC. v. Dekalb County Board Of Tax Assessors
A15A2136
March 23, 2016
Reversed
Automated case summary
What the court decided
The legal issue was whether a sheriff's sale constituted an arm's length, bona fide sale for determining maximum allowable fair market value under OCGA § 48-5-2 (3). The Georgia Court of Appeals reversed the superior court's ruling, finding that because the sale was a distress sale and public auction, it qualified as an arm's length transaction.