Articles & Press Releases

March 19, 2015

Bob Katz Moderates Debate On Treatment Of Hotel Going Concern In a Property Tax Appeal

In New York, and many states around the country, only real property is subject to property tax assessment and taxation. However, many properties’ values are intertwined with business operation. Accordingly, the going concern elements, tangible and intangible, of a piece of property must be identified, allocated and extracted so that only the real property is properly assessed.   Many property types have significant going concern elements which should not be assessed under New York law, including, but not limited to hotels, motels, resorts, restaurants, golf clubs, department stores, golf clubs, and self-storage facilities. HKCC is committed… Read more »