California Clears Path For Hotel Property Tax Appeals

Law360, New York (November 12, 2014, 10:48 AM EST) -- Hotels are one of the most misunderstood properties when valued by local assessors for property tax purposes. A hotel's enterprise activity is comprised of tangible property, in the form of real estate and personal property, and intangible property, which includes but is not limited to the hotel flag, other intellectual property, management skill, reservation systems and a trained workforce. The failure of assessors to properly remove the value of nontaxable intangible property when valuing a hotel's taxable property has been the topic of four recent California appellate court decisions that examine the standards of review under such circumstances....

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