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5 Tips On Controlling Hotel Property Taxes

Law360, New York (January 5, 2017, 12:19 PM EST) -- Hotels are generally recognized as one of the highest taxed real estate assets. A property’s return on investment can be significantly impacted by real and personal property taxes. One recent study estimated that property taxes account for 40 percent of a hotel’s cost of occupancy. Still, property taxes are not always a high priority for owners and this can be a very costly mistake. Below are five tips for controlling property taxes on a hotel.

Tip One: Do Your Due Diligence

Property taxes are a significant...
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