Journal of Property Tax Assessment & Administration
Abstract
A June 2020 decision issued by the Florida Fifth District Court of Appeal could have far-reaching implications for the market valuation of hotel properties throughout the United States. The appellate court upheld a lower court’s decision rejecting the valuation methodology, the Rushmore Approach, utilized by the Orange County Property Appraiser in its assessment of the Disney Yacht & Beach Club Resort. It was 1978 when Rushmore posited the first accepted methodology for separating income attributable to business (intangible asset) from income attributable to personal property from the entire income stream of a lodging facility
Keywords
Assessment reviews, appeals, etc. - Florida Legal research guides/aids - Florida Hotels, taverns, etc. - valuation - Florida
Recommended Citation
Lesser, D. H. (2020). Florida Court of Appeals rules against Rushmore Approach in Disney Resort decision. Journal of Property Tax Assessment & Administration, 17(2). Retrieved from https://researchexchange.iaao.org/jptaa/vol17/iss2/3
