![](/images/employees/47.jpg)
Steve Rushmore's February 2010 article for Lodging Hospitality
![](/images/employees/311.jpg)
Taxation of gaming enterprises should take into consideration marketwide factors and dynamics rather than simply comparing the different gaming tax rates between jurisdictions.
![](/images/employees/47.jpg)
Hotel real estate tax theories and methodologies have long been a subject of controversy in separating the business value from the real estate. In a recent article published by the Journal of Property Tax Assessment and Administration...
![](/images/employees/47.jpg)
A hotel is a unique form of real estate consisting of four components: land, improvements, personal property, and the going business. Does it sound reasonable that the land and improvements account for only 36% of the overall total value?
![](/images/employees/47.jpg)
Chesapeake Hotel
![](/images/employees/47.jpg)
An Important Article Defending the “Rushmore Approach” for Valuing the Real Property Component of a Hotel.
![](/images/employees/47.jpg)
During periods of economic stress in the hotel industry, smart owners and operators carefully review their hotel's property tax assessment to determine whether there is sufficient justification to seek a reduction.
![](/images/employees/47.jpg)
One of the significant expense items incurred by a hotel is the property taxes paid to local municipalities.
![](/images/employees/47.jpg)
THe valuation of hotels and motels is a highly specialized form of real estate appraisal, requiring not only a thorough understanding of the many principles and procedures of general appraising, but also an in-depth knowledge of hotel operations.
![](/images/employees/47.jpg)
If your hotel's property tax assessment has not dropped in the last five years, you may be paying more than your share of real estate.