I recently read a fascinating article by Mr. Stephen D. Roach, MAI, that was published in The Appraisal Journal. The title of the article is "Is Excess Rent Intangible." A Powerpoint presentation summarizing the argument he presents in the article may be downloaded here. One of the important points Mr. Roach makes in the article is the ambiguity … [Read more...]
Appraising for Tax Purposes
Tax season is here once again, which means you're probably gathering paperwork and looking at all of your income, assets, and other tax considerations. But are you looking at your properties? You should since the land and buildings that you own will be taxed. How do you prepare for real estate taxes? … [Read more...]
Death and Taxes – We Can Help
In the world of commercial real estate, taxes are an important consideration. Real estate taxes are based on the value of the property as estimated by the local tax assessor. In most cases, the assessor does a pretty good job. But in some cases, the estimate is far too high, resulting in excessive tax bills for some people and corporations. Are you … [Read more...]
Allocating Commercial Real Estate Value the “Right” Way
There is a tea party underway. But it doesn't involve a particular political party. It involves a revolt against real estate taxes levied by local taxing authorities against real estate owned by companies with national name recognition like Walgreen's, General Electric, and Brigestone. These companies contend that they're being taxed on their hard … [Read more...]
Tax Consulting Appraisals
I once saved a man over a million dollars in - Cold. Hard. Cash. That's real money. So...how'd I do it? Here's the deal. The client inherited from his son's estate a number of inland hotels on the Mississippi Gulf Coast. The Internal Revenue Service asserted that the value of his motels was based on the market price of corporately owned … [Read more...]