TITLE

Hotel Owners Can Avoid Property Tax Surprises

AUTHOR(S)
Dowell, Bernice
PUB. DATE
January 2007
SOURCE
National Real Estate Investor;Jan2007, Vol. 49 Issue 1, p60
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers due-diligence steps for hotel buyers to avoid property tax surprises. One of the steps is to utilize proper methodology in estimating future proper taxes accurately through reasonable income and expenses estimates. Another step is the proper recording of transactions in the land records when closing the records. Lastly is to keep records of closing documents to support the buyer with his transfer tax return and to represent the price of the real estate against revaluation.
ACCESSION #
23663554

 

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