Hotel

Property Tax Reduction on Hospitality Properties

San Joaquin County Reduction

San Joaquin County Reduction

This is a very unusual property and all but impossible to value using comparable sales. The property consists of about three and a half acres and a collection of hotel type buildings, duplexes, cottages, travel trailers and mobile homes. The enrolled value was over $1.2 million dollars. Our agent determined...

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San Bernardino County Hotel Reduction

San Bernardino County Hotel Reduction

Today we achieved a 2010 decline in value property tax reduction on a hotel in Ontario, San Bernardino County. The assessment for the 2010 fiscal year was $3,304,182. After working with some comparable sales and analysis of the income, we were able to reduce the property tax assessed value to $2,750,000, or $50,000 per room. This is a savings to our client of around $5,500 for a single year!

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Sonoma County Hotel Reduction

Sonoma County Hotel Reduction

Today we were able to work out a great reduction on a solidly performing hotel in Sonoma County. Through our requests and filing of the application for changed assessment we were able to get the 2010 assessed value reduced from just over $5,700,000 to $5,120,000 – this in a year when the hotel industry was starting to bounce back!

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Tehama County Hotel Reduction

Tehama County Hotel Reduction

Today we were able to work out a reduction on a hotel in Tehama County. The Hotel had an enrolled value of $1,571,000 for the 2010 year and we were able to prove to the County that the value should be decreased by $365,500 resulting in refunds to our client of almost $4,000 for one year!

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Big Tax Savings on Hotels in Sacramento

Big Tax Savings on Hotels in Sacramento

Our Cloverdale office has been working on two hotel properties in the Sacramento area and has achieved some substantial tax savings for our clients. The first property is a 40 room hotel which was being assessed at about $2,500,000 for each of the 2009, 2010 and 2011 tax years. We were able to get a reduction for each year to...

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Sacramento County Hotel

Sacramento County Hotel

This is a 28-room hotel located in the Old Town area of Sacramento near the Sacramento River. We were able to achieve property value reductions by demonstrating a multi-year decline in room revenues and occupancy as well as a corresponding increase in expenses due to the troubled economy, particularly in...

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