Property Tax Resources
Use obsolescence to lower hospital property taxes
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 their value. Hospital owners, however, can leverage obsolescence to reduce taxable values and property tax bills.
Click the link below to continue reading.
https://www.beckershospitalreview.com/finance/use-obsolescence-to-lower-hospital-property-taxes.html
Daniel R. Smith, Esq., is a principal with and general counsel for Austin, Texas law firm Popp Hutcheson PLLC, the Texas member of American Property Tax Counsel, the national affiliation of property tax attorneys. Kevin Shalley, CMI, is a tax consultant and manager with Popp Hutcheson PLLC, specializing in healthcare properties.
Contact Daniel at This email address is being protected from spambots. You need JavaScript enabled to view it. and Kevin at This email address is being protected from spambots. You need JavaScript enabled to view it..
American Property Tax Counsel
Recent Published Property Tax Articles
NYC's Post-Pandemic Real Estate Decline
Market deterioration and municipal ineptitude are driving taxpayers to the courts for relief.
The New York City real estate market, once the pinnacle of economic health, has undoubtedly declined in recent years. Exploring the factors that brought the market to this point paints a clearer picture of what current conditions mean...
Read moreSeize Opportunities to Appeal Property Tax Bills
Office property owners should contest excessive assessments now, before a potential crisis drives up taxes.
The Great Recession, from December 2007 to June 2009, was the longest recession since World War II. It was also the deepest, with real gross domestic product (GDP) plummeting 4.3 percent from a peak in 2007...
Read moreHow Poor Performance Can Aid Property Tax Appeals
Accounting for weak operations can buoy arguments to reduce taxable value, writes Baker Jarrell of Popp Hutcheson PLLC.
Property taxes are an ongoing headache for many commercial real estate owners, especially when their properties generate inadequate income. Assessors compound these frustrations when they value underperforming real estate as if it were...
Read moreMember Spotlight
