Start Date
8-12-2016 2:00 PM
End Date
8-12-2016 2:45 PM
Description
This paper sets forth specific issues that real estate tax counsel for the owner of a large full service or convention hotel may consider in challenging a real estate tax assessment upon such a property. Unlike other types of income‐producing properties, these hotels are unique. Therefore, prior to exploring the issues, a brief review of the differences between other income‐producing properties and full service/convention hotels may be beneficial. Then, the two main competing theories of hotel valuation for ad valorem real estate taxation purposes will be examined followed by a historical overview of the evolving case law before discussing the specific issues in greater detail.
Recommended Citation
Hicks, Harold J. Esq., "Attorney representation of large full service and convention hotels" (2016). IAAO Annual Legal Seminar. 6.
https://researchexchange.iaao.org/legal/legal16/sessions/6
Attorney representation of large full service and convention hotels
This paper sets forth specific issues that real estate tax counsel for the owner of a large full service or convention hotel may consider in challenging a real estate tax assessment upon such a property. Unlike other types of income‐producing properties, these hotels are unique. Therefore, prior to exploring the issues, a brief review of the differences between other income‐producing properties and full service/convention hotels may be beneficial. Then, the two main competing theories of hotel valuation for ad valorem real estate taxation purposes will be examined followed by a historical overview of the evolving case law before discussing the specific issues in greater detail.