Topic - American Property Tax Counsel

Hotel Property Taxes

Reducing Hotel Property Taxes by Properly Valuing Intangible Assets - By Morris A. Ellison, Esq.

Most, but not all, taxing authorities acknowledge that hotels include intangible and tangible assets. Reducing property tax costs by removing intangible value has long been controversial due to the challenging task of valuing intangible assets. Intangibles include items such as the assembled workforce, service contracts, reservations systems, web presence and hotel management and franchise agreements.

2015-01-16

---

Hotel Property Taxes

Beware the Income Approach to Property Tax Assessments - By Mark S. Hutcheson, Esq.

A hotel business relies on much more than the combination of daily room rentals to generate income. Understanding this fact is critical to achieving a fair and accurate property tax assessment, because only the tangible portion of the hotel operation is taxable.

2014-12-23

---

Hotel Property Taxes

Property Taxes Are NOT a Fixed Expense - By Michael J. Shalley

If you have taken an accounting class, your professor likely explained that property taxes are one of the fixed expenses on real estate financial statements. While your professor was technically correct that property taxes are considered a fixed expense in accounting , many property owners, asset managers and investors are finding out that 'fixed' certainly doesn’t mean always consistent or predictable.

2014-11-19

---

Should You Contest Your Hotel Property Taxes? - By Melissa Ramirez, Esq.

Few tax authorities have fully recognized the decline in hotel values across the United States. It’s no wonder then that growing numbers of hotel owners and operators are giving more serious thought to contesting or appealing their hotel property tax values.

2010-08-31

---

Is the Current Use the Highest and Best Use? - By Elliott B. Pollack, Esq.

The first step a real estate appraiser must take before valuing a property is to identify its highest and best use (HBU). Indeed, it is a truism that everything in an appraisal flows from this determination.

2010-07-09

---