Tax Notes
Shouldering a Costly Burden
States cut homeowners a property tax break, leaving commercial owners to fill the gap...
Reassessing Market Value
During periods of economic weakness, U.S. commercial and industrial real estate owners become vulnerable to unrealistic and excessive property tax assessments....
Proper Remedy for Excessive Assessments
Construction of medical office buildings is burgeoning throughout the country due to the aging population and its healthcare needs. Because these facilities...
How Assessors Can Veer Off Course
In a faltering economy, tax authorities want to cling to contract rents the amount agreed upon by the landlord and tenants as the basis for valuing property....
Why Assessors Need to Take a Mulligan
As the old joke goes, the fastest way to become a millionaire as a golf course owner is to start out with $5 million. Unfortunately some property tax...
Industrial Properties Get Their Due
For over a decade, tax authorities in many jurisdictions have recognized that intangible assets and rights must be removed when assessing certain types...
Improper Use of Cap Rates Proves Costly
Developing a capitalization rate for tax assessment purposes seems like a relatively simple task. Using the market extraction approach, the one most commonly...
When the Cost Approach Proves Unfair
Assessors typically value industrial and commercial properties using a cost approach that starts with land value, adds the cost of property improvements...
Big Boxes, Industrial Plants Unfairly Taxed
In many states, the war over property tax assessments based on value to the owner as opposed to market value has ended with a clear victory for market...
Fair Taxation Often Eludes Build-to-Suits
In a build-to-suit transaction, the value of the property to the user who had it built is greater than the value that property holds for the next user....
