John Monroe – quoted in the Cleveland Plain Dealer
Mansour Gavin Shareholder John Monroe was recently quoted in a front-page article that appeared in the Cleveland Plain Dealer on August 12, 2018 regarding membership interest sales used to transfer title to real estate. When asked about recent legislative efforts to “close” the alleged legal loophole, Monroe opined that such efforts were “wrongheaded.” Monroe stated, “I’m not sure I see the need to close a loophole versus valuing property correctly.” He observed what many Northeast Ohio property owners have seen in their recent property revaluations, that “some properties in Northeast Ohio are dramatically undervalued while others are sharply overvalued, with little apparent logic.” Monroe suggested that “public officials should turn their focus away from entity sales and onto two things: better appraisals and broader tax reform.”
