Cris K. O'Neall Esq. of Greenberg Traurig LLP discusses why multifamily property taxes are excessive and what taxpayers should do about it.
While COVID-19 has diminished value and property tax liability for all types of real property, it has been especially hard on multifamily housing owners.
State and local shelter-in-place orders that...Read more
Cash-strapped municipalities may look to extract more revenue from commercial properties.
It would be difficult to conceive of a more impactful event for the commercial real estate market than the coronavirus pandemic. Short of finding a cure for COVID-19, the tremendous state of flux in the sector will test the resourcefulness...Read more
Numbers of lawsuits remind taxpayers and assessors to exclude intangible assets from taxable real estate value.
A recent case involving a Disney Yacht and Beach Club Resort in Orange County, Florida demonstrates how significantly tax liability can differ when an assessor fails to exclude intangible assets. For Disney's property, the tax...Read more