Category: Uncategorized
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Hotels and Motels Property Tax Tips
Hotels/Motels are generally recognized as one of the highest taxed real estate assets. Property taxes could account for up to 30% of a hotel’s cost of occupancy. Still, property taxes are not always high priority issues and seem to be an uphill battle for owners. This can be a costly presumption. Below are tips for…
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Oil & Gas Property Tax
Property taxes affect decisions on re-investment in existing facilities, which may affect the long term viability of the operations. Property taxes become a major factor for firms in financial distress due to structural or cyclical factors, because property taxes may constitute a large portion of firms’ fixed costs. Many municipals use the hybrid of cost-approach…
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Disney Wins Back $1.2 Million in Property Tax Fight
Walt Disney World has won a lawsuit against the Orange County Property Appraiser’s Office. Disney sued the county office in 2016 over a dispute regarding the value of its Yacht and Beach Club Resort. Disney officials said the property was only valued at more than $188 million, but the OCPA valued the property at more than $336 million.…
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Business Values in Hotel/Motel Valuation
The valuation of hotels and motels is a highly specialized form of real estate appraisal, requiring not only a thorough understanding of the many principles and procedures of general appraising, but also an in-depth knowledge of hotel operations. Valuation of hotels and motels consists of three components: real property, personal property, and business value. All…