Tax Notes
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....
The High Cost of Bad Tax Forecasting
Corporate accounting and tax departments often have difficulty producing reliable property-tax expense forecasts for budgeting purposes. Inaccurate forecasts can reduce corporate net incomes by millions of dollars....
Don't Get Boxed In By Excessive Taxes
All too often assessors get away with over assessing big-box properties owned or occupied by national chains. ...
Hotel Owners Can Avoid Property Tax Surprises
The feverish pace of hotel acquisitions over the past two years has driven sale prices to record levels. Assessors tend to use high sale prices as the basis for property tax calculations. ...
Avoid Pitfalls of the Cost Approach
The valuation of manufacturing plants for property tax purposes presents a challenge for both owners and property tax officials. ...
Aging Industrial Plants Worthy of a Tax Discount
Many automobile assembly plants have been closed and sold for a far different use than vehicle assembly. This phenomenon provides owners of all types of industrial property with lessons on how to protect themselves from unfair property taxation...
