Hotel Tax Consultants, LLC offers premier property tax consulting services to help private and public sector hospitality clients obtain favorable property tax assessments. Our property tax team operates under strict quality controls.
Property Tax Consulting
PROPERTY TAX CONSULTING
Each valuation report is prepared using a template that ensures consistency and thoroughness. Our template adheres to generally accepted appraisal methods; it includes:
An evaluation of the appraisal district’s data, cap rate, income approach, and any equity case in order to find any errors or misjudgments.
A thorough income approach analysis with an evaluation of the market, hotel reviews, and a comparison to the cost approach in order to identify any obsolescence.
Multistep identification and separation of exempt intangible business value from tangible taxable real estate and personal property.
A determination of the appropriate capitalization rate, which includes an evaluation of the subject’s RevPAR, location, quality, condition, and other factors.
An equal and uniform analysis using several points of comparison to hotels similar in type, quality, and location.
Depending on the hotel, an evaluation of additional business income sources, negative EBITDA, any recent or required renovations, and any other peculiarities.
PROPERTY TAX PROCESS
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JANWe request updated information from you about your hotel. We then perform an extensive evaluation of your hotel in order to determine its true taxable value.
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MARWe file business personal property renditions for any states that require them.
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MAYWe appeal your property value.
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MAY - JULWe evaluate the appraisal district’s cap rate and approaches to value.
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JUN - JULWe present your case informally to a CAD appraiser and/or at the ARB.
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AUGWe send you a summary of the results and let you know whether we recommend pursuing any further appeal through binding arbitration or litigation.
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OCTWe inform you of any savings.
*Timeline may vary by state and county