Jan
24

Hotel Tax Assessments Typically High

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Probably the most frustrating bill that comes each year is the property tax bill. Based on our experience, many hotel owners are being overcharged by 15% or more on their property taxes. There are lots of reasons why hotels are overvalued, but it is mainly the result of improper appraisal techniques by the assessor’s office. If you are a hotel owner and feel that the assessed value of your property is high, contact me, and my firm will review your assessment to see if a reduction is likely. Property tax reductions for hotels are direct to your bottom line, meaning a higher net income, resulting in a higher property value!

Michael Dodds, MAI, CCIM

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