Becker's Hospital Review originally published this article in the May 18, 2018 issue of Becker's CFO Report.
Property taxes based on excessive valuations are smothering traditional hospital owners.
All too often, tax assessors ignore functional and economic obsolescence that increasingly afflict hospitals, instead treating these assets as financially productive institutions that hold...Read more
Due diligence is required to determine whether possible tax increases can be abated
By Jason M. Penighetti, Esq.
President Trump's Tax Cuts and Jobs Act is the first sweeping reform of the tax code in more than 30 years. Signed into law on Dec. 22, the plan drops top individual rates to...Read more
It's critical for owners to identify both economic and functional obsolescence in order to fight unfair tax assessments
By Brian J. Morrissey, Esq.
New technologies, shifting markets and aging buildings can drive economic obsolescence across entire industries. Equally important for the taxpayer, these factors also affect individual property values from a functionality...Read more