When a property's current use isn't highest and best, New Jersey jurisdictions can assess and tax based on hypothetical redevelopment.
It's hard to imagine a more dystopian world than one in which governments base real estate tax upon a hypothetical use other than a property's current and actual use. Unfortunately, taxing...
Read moreThe Empire State's exemptions can undoubtedly be subject to interpretation, and some communities ultimately opt out.
Property taxes are a substantial expense for businesses and commercial property owners in New York, and taxpayers in the state are contesting property assessments in record numbers. Many owners are going the extra mile, however...
Read moreValuing hotels for property taxation is one of the most complex and contested areas in real estate appraisal. And unfortunately for hotel owners, improper assessment is common and costly.
Unlike office buildings or warehouses, hotels are not just physical assets — they are operating businesses. This distinction requires appraisers to carefully...
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