This document was prepared by HVS in April 2015. It may be accessed through the LibraryLink catalog.
Document Introduction:
"Property tax assessors intend to assess property fairly. They want a given property’s assessment to be both representative of its market value and logical in comparison to similar properties. But their job is difficult, particularly for complicated assets. Property tax appeals for hotels—particularly full-service assets with multiple profit centers and extensive personal property—are especially complex, requiring an expert in the field of hotel appraisals and seasoned in a proven methodology. The following serves as a cursory guide for owners who think their hotel’s assessment might be illogically high, including the key steps to waging a successful appeal."