Abraham Tieh, director of national commercial property tax, O’Connor & Associates, talks tax strategies, pivotal points for appeals and the importance of correctly calculated valuation in this exclusive interview at the Americas Lodging Investment Summit (ALIS) Jan. 22-24, 2024 in Los Angeles.
One of the biggest operating expenses for a hotel is property taxes. Discover a way to potentially improve your bottom line by reducing property taxes. It is true that a significant portion of a hotel’s value lies in its flag. It is also a fact that the value associated with a hotel’s franchise is exempt from ad valorem taxation. Removing the non-taxable portion from taxable market value can reduce the hotel owners' tax burden. The team from O'Connor & Associates will walk you through a new breakthrough approach to calculate and potentially remove non-taxable values which may be able to boost your hotel’s profitability.
Click play to learn more about tax-saving strategies and how implementing them can benefit your bottom line.
Episode sponsored by O'Connor & Associates: Interview with Abraham Tieh