HVS Offers Hotel Property Tax Reassessment Services and Aid with Potentially Cost-Saving Appeals

Tax assessment appeals for hotels and other commercial properties are currently underway in Alabama and North Dakota, with the appeals window opening in most other states in spring of 2010.

Boston, MA, September 18, 2009: HVS produces a calendar of state deadlines for property tax appeals to help owners of hotels and other commercial properties capitalize on the opportunity to appeal tax assessments.
Property values in most U.S. markets have experienced a decline as a result of the economic downturn that began in mid-year 2007. Owners whose property tax assessments have not declined over the past three years may be overpaying their fair share of property taxes.
“If you own or manage a property in the states of Alabama or North Dakota, the time to scrutinize your property tax assessment statement is right now,” said Tom Dolan, Senior Vice President and Director of Operations for HVS Boston. “Owners and managers of commercial property in other states will likely have a window of opportunity to appeal in spring of 2010, and we offer the expertise to help with the complex reassessment and appeals process.”
While most states offer an appeal period in early spring, Alabama and North Dakota accept appeals in the fall.
If you are uncertain about the accuracy of your latest property tax assessment, we invite you to discuss the procedures for an appeal with an HVS property tax specialist. HVS’ understanding of myriad tax systems comes from years of work in hotel markets across the U.S., and we strive to represent owners in their quest for a fair and equitable valuation. Tax assessors can call on HVS in revaluation years to establish accurate, thorough assessments that lead to fewer appeals. Please contact Tom Dolan (617.424.8912, tdolan@hvs.com) or Chris Elder (970.222.1679, celder@hvs.com) for more information.
HVS is a global consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. We are client driven and dedicated to providing the best advice and services in the industry. Please visit us at www.hvs.com to learn how HVS can successfully lead your next venture into the realm of hospitality.
Tom Dolan
Senior Vice President, Director of Boston Operations
3 New England Executive Park
Suite 245
Burlington, MA 01803
Phone: +1 617.424.8912
Fax: +1 617.424.8901
Email: tdolan@hvs.com